So I have this account with 1:1000 leverage using $3000. Is it the same with 1:100 with $300?
Thank you
Thank you
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DislikedSo I have this account with 1:1000 leverage using $3000. Is it the same with 1:100 with $300? Thank youIgnored
Disliked{quote} No, it's not. 1:1000 leverage allows one to open a 10 lot trade for example, while the 1:100 leverage will limit it to 1 lot. Be careful, because having high leverage may push you to open recklessly trades with many lots in and if the market price moves against you rapidly you could loose all your capital.Ignored
DislikedIn order to open the same volume trades as with 1:1000 ($3000 capital), on 1:100- you should have $ 30 000 capital Keep in mind, that the higher leverage gives you the opportunity to open bigger volumes with lower margin (capital) requirement.Ignored
DislikedHigher the leverage, higher the damages too so the new traders being unaware of the market conditions should keep their leverage low in start. There are many sophisticated trading platforms where you can lower or increase the leverage too. Some brokers like hotforex allows 1:1000 on micro accounts and 1:400 on regular account, some crazy offers like 1:3000 which pretty seems unreal to me.Ignored
DislikedHigher the leverage, higher the damages too so the new traders being unaware of the market conditions should keep their leverage low in start. There are many sophisticated trading platforms where you can lower or increase the leverage too. Some brokers like hotforex allows 1:1000 on micro accounts and 1:400 on regular account, some crazy offers like 1:3000 which pretty seems unreal to me.Ignored
DislikedHigher the leverage, higher the damages too so the new traders being unaware of the market conditions should keep their leverage low in start. There are many sophisticated trading platforms where you can lower or increase the leverage too. Some brokers like hotforex allows 1:1000 on micro accounts and 1:400 on regular account, some crazy offers like 1:3000 which pretty seems unreal to me.Ignored
Dislikedits not a complicated issue , very simple issue it is, ensure most powerful analyzing risk management and earn more something by using leverage.Ignored