What leverage should be good for a newbie to use?

The choice of leverage is totally up to the trader. But do keep in mind that it’s a double-edged sword. So, better use it carefully.

 

you should always choose the right leverage for you. However, for newbie i suggest sticking to a lower leverage level like 1:200 max so you don't overcommit on your trades.

 

I totally agree to choose leverage if you know how to use it. I would say try to keep your leverage as low as possible if you’re new to trading. 30x is sufficient to start with if you have low capital.

 

I completely agree with you , As high leverage is equal to high risk!

 

agree , high leverage contains high risk most of the time.

 

Imo, traders should do a good amount of practice and knowledge before trading leverage. It can either be highly profitable or can burn a hole in the pocket. Traders should learn and also understand the risks that are involved and prefer using 1:100 ratio for leverage.

 

It is important to practise trading leverage on a demo account before trading on a live account. This will give traders an idea of how leverage actually works and how it can impact his/her trading funds.

 

i always use high leverage in demo account to see the performance how it works, its really a good approach to avoid losses in a real account.

 

this is a good approach , technical and effective , no doubt

 

Start with demo. I moved to 1:500 after that and stuck to a small lot size like 0.01