James , you avoided leverage as a newcomer it’s your matter. But obviously leverage is an inevitable part of trading which can be supportive to make profit very rapidly if there is real money managing plan. So we can’t avoid it.
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DislikedAs a trader first of all we the newcomers have to understand the basic of leverage ratio so that we can trade with particular money management to get rid of the margin call, for that we have to be very much experienced with the basic knowledge related to the Forex field.Ignored
Disliked{quote} You are right! Clear knowledge is very much important here! But, I see maximum newbies prefer high trading leverage facility although they don’t know the advantage & disadvantages of high trading leverage service! Basically, new traders need to focus on only learning rather than facility!Ignored
DislikedThe newcomers always consider high leverage as high risk. actually high leverage as long as trader still wisely using their margin and keep discipline with risk management , high leverage will help you to boosting opportunity , but many beginners they can’t use leverage properly and having tendencies to become greedy and this will like as suicide at short time.Ignored
Disliked{quote} You are right! New Forex traders may lose their momentum so easily because of using high trading leverage! This is way, new traders should work with small trading leverage like 1:50; 1:100. On the other hand, I see overtrading is another common issue by the new traders!Ignored
DislikedYes, 1:1000 trading leverage is much high for the newbie! Because, over trading is a common problem for the new traders, in this case they should trade with a decent trading leverage like 1:50 to 1:100! New traders need to make sure their trading quality rather than trade numbers! On the other hand, high trading lots size is another problem for them! So, high trading leverage can be a cause of their trading loses!Ignored
DislikedLet's have a look from the other side. What is more risky? To have 10000€ or 1000€ on account? I will open a trade wth SL 500€ and TP 500€. Why on earth should I have 10000€ on account to open this trade? There are lot of spikes, slippage and trade will not be closed at SL or TP. If I have exactly the amount that I need to open a trade on my account I can not lose more than that, but if I have more I can lose much more. Just remember black swan. If you know how to use it leverage is great. This is my view on high leverage.Ignored
Disliked{quote} Well, may I know the range of your high trading leverage? I think, traders should follow the money management policies so sincerely if they want to trade securely!Ignored