What leverage should be good for a newbie to use?

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

  1. tedmos38

    tedmos38

    I totally agree with you, have faced this thing personally
     
    #81     Jan 18, 2021
    KCalhoun likes this.
  2. El Trado

    El Trado

    Great. I see you troll, and raise: I prefer 1:10 000. It suits me perfect as I can become a billionaire before the weekend.
     
    #82     Jun 22, 2021
    Axon and tedmos38 like this.
  3. maxinger

    maxinger

    I like high leverage.
    The higher the better.
    High leverage means we put less money into our trading account.

    Perhaps I should start looking broker with 1: 10 000 leverage.
     
    #83     Jun 22, 2021
  4. tedmos38

    tedmos38

    Wow its like magic!!
     
    #84     Jun 22, 2021
  5. algoseek

    algoseek Sponsor

    As a newbie, stay away from leverage. It's going to kill your account.
     
    #85     Jun 22, 2021
  6. Esha.J

    Esha.J

    Yes, newbies should focus on learning the various aspects of Forex Trading, instead of going all-in in the real market.
     
    #86     Jun 24, 2021
  7. Adler

    Adler

    My suggestion to newbies would be to avoid using leverages till you have gained enough experience and confidence in live trading.

    Leverage can be risky and complicated to understand if you have lower knowledge about live forex trading.
     
    #87     Jun 25, 2021
  8. %%
    LOL\ but that's only if we like common sense;
    + some simply prefer thrills, spills + chills to profits. Good profit points..........................................................................................................
     
    #88     Jun 25, 2021
    jys78 likes this.
  9. Esha.J

    Esha.J

    If you would be new to Forex, the ideal start would be to utilize 1:10 leverage as well as a 10,000 USD balance. So, the best leverage for a beginner would definitely not higher than the ratio from 1 to 10.
     
    #89     Jun 29, 2021
  10. Mean?
     
    #90     Jun 29, 2021