What leverage should be good for a newbie to use?

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

  1. tedmos38

    tedmos38

    Thank you for sharing your knowledge with us
     
    #61     Dec 28, 2020
  2. I would agree, the lower the better.
     
    #62     Dec 31, 2020
  3. Ytintod

    Ytintod

    Isn’t that a bit much for a newbie to use?
     
    #63     Dec 31, 2020
  4. Even expert traders stay away from 500x leverage.
     
    #64     Dec 31, 2020
  5. You can try vantage fx and stick to 100:1 leverage. I don’t get using different brokers and different leverage for every trade
     
    #65     Jan 1, 2021
  6. fargone

    fargone

    That is a newbie’s dilemma in their end of forex trading, wondering where all the money went in the fraction of movement. Newbies should be advised to use minimal leverage in microlot with a sound and regulated broker. Can gradually increase if the performance is improving. It is no wonder why strict regulated brokers like fxview, ic markets, fxpro, do not allow high leverage.
     
    #66     Jan 2, 2021
  7. It would have been great if brokers allowed using different leverage for every kind of trade, I don’t think that’s possible. But such a thing would have allowed much bigger profits, using when you know for sure you’re gonna get a winning trade.
     
    #67     Jan 4, 2021
  8. That is because they do not want to risk their large capital. It’s a totally different scenario for beginners.
     
    #68     Jan 4, 2021
  9. maxinger

    maxinger


    Calm confident traders don't have a problem with 500X, 1000X, or higher leverage.

    High leverage is totally harmless.
    It wouldn't make us more greedy.
    It wouldn't cause us to make unwise decisions.
    We simply put less money in our trading accounts.


    also, it is very good for newbie traders who
    have very little cash, and they want to trade live.
     
    #69     Jan 4, 2021
  10. Petra

    Petra

    Lower the better.
     
    #70     Jan 4, 2021