The higher leverage the better. try 100:1 or higher if you can. This way, you just put a small capital in your trading account. But make sure you have written the maximum amount of lots you are allowed to trade on the concrete wall. Many people would recommend you to go for as small leverage as possible. But then, you might end up putting thousands and thousands of dollars in your trading account. If you have problem with overtrading, Even zero leverage wouldn't save you
The amount that makes you the most money without ruin. It's different for every strategy. Another way to think about it is if I'm leveraged 100:1, but I have to draw down 5 positions during the intra-trade path, then might as well just pull it back to 15:1 without ever drawing down a position.
I think 10:1 leverage will keep you on the safe side. But sometimes you can extend leverage depending on the market condition.
None. Leverage=risk. If it was safe, would they be loaning you the money? Wouldn't they just invest it themselves at the same leverage?
The safety of leverage depends on factors like risk tolerance and asset volatility. Generally, keeping leverage low, around 2:1 or less, is safer. Higher leverage increases potential returns but also amplifies potential losses, requiring careful risk management.
This dude definitely knows whats up! Use as high leverage as you can! Well that would of course depend on the leverage that your broker offers. Mine offer 1:3000 but I have a very simple way to know how to use it. I would calculate my lot size based on the capital that I have without considering the leverage, then I would enter that position using the leverage. This way the only thing that I'm doing is reducing the margin. Also I always use take profit and stop loss. If you don't then your gambling not trading.