What leverage will you advice as a newbie trader to use? Do you think 1:1000 is too high for inexperience trader to use? Because I have been advised against using high leverage but again I thought it broker have provided it why won’t I use it. What you think?
Ignored
The leverage of maximum 1:30 is enough for a newbie as leverage is a double edged sword. Incase, you want a leverage of upto 1000X, I suggest to practise first on demo account before going live to avoid big losses.
{quote} The leverage of maximum 1:30 is enough for a newbie as leverage is a double edged sword. Incase, you want a leverage of upto 1000X, I suggest to practise first on demo account before going live to avoid big losses.
Ignored
Really? A leverage of 1000x? This is just too much for an inexperienced trader that even enough practice on a demo account would not make it wise to use such a high leverage.
{quote} Really? A leverage of 1000x? This is just too much for an inexperienced trader that even enough practice on a demo account would not make it wise to use such a high leverage.
Ignored
Yes, I agree. I believe an inexperienced trader should start with a leverage of 30-50X
|
Additional Username
|
Joined Mar 2016
|641 Posts
which leverage is best it depends on your trading approach , if you have most powerful analyzing trade knowledge and experience with a wide range of money management , then you can bring good amount of profit by using at any leverage , i hope you got the point , good luck
|
Additional Username
|
Joined Apr 2018
|323 Posts
sometimes our all trading approach fail when trading in practical because market is more volatile and there is no one who can predict the real faction of this market with certainly.
|
Additional Username
|
Joined Sep 2017
|217 Posts
its a very complicated issue , because we the traders always think leverage can make us profitable but in reality its not true, our money management can only make us profitable.
What leverage is best for a newbie?
