I would like to use 1:100 leverage but don't know which broker have such kind. fxdd is 200 and oanda max is 50:
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DislikedI use a leverage between 1:1 up to 3:1 per trade. I know, most new traders might find this boring but I can tell you it's possible to make 0.5-1% per day even with this low leverage...
BTW: My leverage at Oanda is set to 50:1, but this has nothing to do with the real leverage I use. It's more a margin thing.
I'd recommend to trade small. Always.
Regards - XaronIgnored
DislikedI use a leverage between 1:1 up to 3:1 per trade. I know, most new traders might find this boring but I can tell you it's possible to make 0.5-1% per day even with this low leverage...
BTW: My leverage at Oanda is set to 50:1, but this has nothing to do with the real leverage I use. It's more a margin thing.
I'd recommend to trade small. Always.
Regards - XaronIgnored
Dislikedyes but with 1:1 you would need a rather big account to profit off 0.0001 price movements. why bother, with that money your better off trading futures or stocks. do not take offesne if i sound rude sry but i am expressing my own point i might be wrong here please correct me if that is so.Ignored
DislikedWhy?
Example: $10,000 account
Leverage: 1:1
Pair: EUR/USD
You go long at 1.4500 and take profit at 1.4600 with 0.1 standard lots (= 10,000 units). That's a leverage of 1:1 and you made $100 profit or 1%!
I do this all the time and make about 1% per day at the moment...
Regards - XaronIgnored
DislikedWhy?
Example: $10,000 account
Leverage: 1:1
Pair: EUR/USD
You go long at 1.4500 and take profit at 1.4600 with 0.1 standard lots (= 10,000 units). That's a leverage of 1:1 and you made $100 profit or 1%!
I do this all the time and make about 1% per day at the moment...
Regards - XaronIgnored
DislikedI would like to use 1:100 leverage but don't know which broker have such kind. fxdd is 200 and oanda max is 50:Ignored
DislikedLet's just say that a broker letting you use 100:1 leverage probably doesn't have your best interests at heart
I think 2:1 is fine, 3:1 is fine 5:1 is a bit dodgy and 10:1 is WAY TO MUCH.
Tiny stop losses degrade the performance of any trading system in my experience. If your stop loss is 1% of the market's value (in my opinion that is a small stop loss) and you use 50:1 leverage are you OK with losing half your account if you're wrong? How about if you're wrong twice is a row?Ignored