What leverage should be good for a newbie to use?

Discussion in 'Forex' started by Coner1980, Oct 9, 2020.

  1. the choice of leverage is totally up to the trader. as per my experience I think the lower leverage doesn't cause any harm.
     
    #41     Oct 21, 2020
  2. No leverage is the best leverage. Nuff said.
    Famous last words. They mistook leverage for genius!
     
    #42     Nov 23, 2020
    Nobert likes this.
  3. 1:200/1:500/1:400 leverage will be best for a newbie to use.
     
    #43     Dec 8, 2020
  4. Snuskpelle

    Snuskpelle

    Oh yeah. Why just not leave the position open over the weekend as well?
     
    #44     Dec 8, 2020
    Nobert likes this.
  5. Nobert

    Nobert

    What's the difference from those and from
    1:2000/1:5000/1:4000 ?

    i think that stop loss get's tight at 1:200 & what else to say, about anything above (?)
     
    #45     Dec 8, 2020
  6. maxinger

    maxinger

    The higher the leverage, the better it is.
    Then you just deposit a tiny amount of money in the trading account.

    How many lots shall you trade?
    Let's talk about CME products like NQ, ES, YM ....
    Is the maximum lot you can trade 1 lot? 2 lots? 5 lots? 10 lots?

    Well. it depends on your trade plan.
    If your trade plan says max is 5 lots, then don't go beyond 5 lots!

    If your emotional control is horrific
    whether leverage is high or zero,
    you are going to exceed the 5 lots limit.
    You simply can't cure the emotional control problem
    with low leverage.


    If your emotional control is horrific,
    don't ever ever trade until you have fix your
    emotional control problem.

    So the problem is not the high leverage problem,
    but the inability to neutralize your negative emotions.
     
    Last edited: Dec 8, 2020
    #46     Dec 8, 2020
    Marcos likes this.
  7. Snuskpelle

    Snuskpelle

    I think we're talking about apples and oranges. 1:500 on a non-neglectable part of your net worth is insane. A newbie is likely to want to apply a non-neglectable part of his/her net worth because of high earning potential (rather than the loss potential s/he should be concerned with).

    As an experienced trader who can do the math and have the discipline to follow it, you can trade 1:500 account alright by keeping a minimum of money in it representing a small portion of your net worth. Recommending it to a newbie is just asinine though.
     
    #47     Dec 8, 2020
    cesfx likes this.
  8. There's no connection between leverage & tight stop loss. Stop loss depends on your analysis. The more leverage you have, the more chances to bring profit/loss.
     
    #48     Dec 9, 2020
  9. If you're confident about your analysis, then you can leave your position open.
     
    #49     Dec 9, 2020
  10. Marcos

    Marcos

    How much leverage do you trade with ?
     
    #50     Dec 9, 2020