DislikedAfter +10 years of trading the 2 most important aspects of trading 1. use as small as leverage as you can 2. DONT try to predict which way the market will go, but thats only my opinionIgnored
I do not know where the eur/usd is going, nor do I care. As long as it moves, I will trade it in either direction. As for leverage, low is better, but for some with smaller accounts or a strategy that would require what you do not have yet, its applicable. 50:1 is a little high in my opinion but thats what I use, which allows me to have multiple trading setups on several pairs all at once. If you understand on how to use it to your advantage it can greatly benefit your trading. But I also know that it wouldn't effect my strategies if I trade with 1:1 leverage or 1:1000 leverage.