This is the same as those who believe that there is great risk and stress in trading lower time frames. There are those who trade 1 min time frames [as well as renko charts] and of course there are those who swing trade , trade frome weekly charts, monthly etc.
I trade from renko charts and I NEVER carry a position in futures trading or forex trading.
yes I use a small stop loss it does not cost me much money to find out that I am wrong.
My point is there are a lot of things that effect risk - not just leverage.
It does still amaze me that newbe traders think they can trade and make large sum of moneys. Like was said before would you go to a brain surgeon who had just graduated from med school. of course not, that is why brain surgeons have to do years of internship.
So on a forum like FF are all of the members newbes or there members who are success full traders.
So yes a trader without much experience should not be using high leverage or a new trader should not have pie in the sky expections. Also the new trader MUST be able to afford to lose his entire account without it affecting their lifestyle.
I trade from renko charts and I NEVER carry a position in futures trading or forex trading.
yes I use a small stop loss it does not cost me much money to find out that I am wrong.
My point is there are a lot of things that effect risk - not just leverage.
It does still amaze me that newbe traders think they can trade and make large sum of moneys. Like was said before would you go to a brain surgeon who had just graduated from med school. of course not, that is why brain surgeons have to do years of internship.
So on a forum like FF are all of the members newbes or there members who are success full traders.
So yes a trader without much experience should not be using high leverage or a new trader should not have pie in the sky expections. Also the new trader MUST be able to afford to lose his entire account without it affecting their lifestyle.
All trends begin with the smallest time frame