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What leverage is best for a newbie?

  • #141
  • Apr 26, 2019 8:11am Apr 26, 2019 8:11am
Quoting canabud
Well, if you are trading a live account, than of course a lower end leverage is a better idea to keep from sabotaging yourself and blowing an account with large lots on poorly made trades. I would suggest anywhere from 1:10 to 1:100 depending on your risk management. take care
On the other hand, high leverage is not a good option for demo practice; maybe new traders can check this feature but small trading leverage is always best.
  • #142
  • May 2, 2019 1:08am May 2, 2019 1:08am
leverage is a complicated issue in Forex trading which always contains huge risk and losses , which leverage is comfortable for avoiding risk , its a common question but difficult to answer , it depends on your trading plan, trading plan should be practical by long time trading experience , otherwise leverage can make you loser most of the time.
  • #143
  • May 2, 2019 8:34am May 2, 2019 8:34am
Quoting MarkFxAnde
leverage is a complicated issue in Forex trading which always contains huge risk and losses , which leverage is comfortable for avoiding risk , its a common question but difficult to answer , it depends on your trading plan, trading plan should be practical by long time trading experience , otherwise leverage can make you loser most of the time.

I agree, but as many people say the leverage is dangerous when you do not understand how quickly can happen margin calls. As long as you understand and know how to manage your risk all will be fine. SL is a must.
  • #144
  • May 10, 2019 6:40am May 10, 2019 6:40am
leverage is not dangerous at all, our trading plan become dangerous and non sense when using leverage with no analysis.
  • #145
  • May 13, 2019 4:19am May 13, 2019 4:19am
plan is important but it should be practical and realistic,
when trading with leverage there is no plan ,
as a result it causes unfortunate risk and losses.
  • #146
  • May 13, 2019 2:28pm May 13, 2019 2:28pm
Quoting GeorgeBaile
{quote} On the other hand, high leverage is not a good option for demo practice; maybe new traders can check this feature but small trading leverage is always best.
You are absolutely correct and I completely agree, I just failed to mention the demo side of it. Until a person is comfortable and consistent with their trading methods, they should only be using realistic low leverage.
  • #147
  • May 15, 2019 2:01am May 15, 2019 2:01am
Quoting canabud
{quote} You are absolutely correct and I completely agree, I just failed to mention the demo side of it. Until a person is comfortable and consistent with their trading methods, they should only be using realistic low leverage.
Exactly mate; realistic low trading leverage! On the other hand, unrealistic high leverage is a disease.
  • #148
  • May 23, 2019 3:12am May 23, 2019 3:12am
every kind of leverage ratio can bring positive result from trading if you have the capacity to manage risk , its a great skill and to be experienced is a long term issue but if you can be expert about risk management , then you are able to bring profit very rapidly by using any kinds of trading tool.
  • #149
  • Aug 16, 2019 3:06am Aug 16, 2019 3:06am
agree , but to be experienced about money Management is a difficult task , its a long term approach.
  • #150
  • Aug 16, 2019 11:52am Aug 16, 2019 11:52am
Quoting HajiMohsin
agree , but to be experienced about money Management is a difficult task , its a long term approach.
One has to start from somewhere. The earlier one starts, the better.
  • #151
  • Aug 18, 2019 4:10am Aug 18, 2019 4:10am
best leverage 1:10. you won’t lose much, but the gain will be good
  • #152
  • Aug 19, 2019 4:07am Aug 19, 2019 4:07am
yes its a best leverage for avoiding unfortunate loss and risk. before using in live we should use it in demo to see the performance how it works.
  • #153
  • Aug 21, 2019 12:11pm Aug 21, 2019 12:11pm
Quoting GeorgeBaile
{quote} Exactly mate; realistic low trading leverage! On the other hand, unrealistic high leverage is a disease.
True for newbie, false for experienced.
  • #154
  • Aug 23, 2019 12:07pm Aug 23, 2019 12:07pm
Quoting Victory9
{quote} True for newbie, false for experienced.
But, you may know all experience traders aren’t the successful I mean pro traders!
  • #155
  • Aug 24, 2019 3:28am Aug 24, 2019 3:28am
what you think there is any different between experience or successful trader ? its all about same or different any ?
  • #156
  • Nov 14, 2019 6:00am Nov 14, 2019 6:00am
Quoting MarkFxAnde
what you think there is any different between experience or successful trader ? its all about same or different any ?
Experience, the one who know all the stuffs about the field, can be successful or not
Successful or as @ZirkrIrfan called "Pro Traders", the experience one who make money consistently
  • #157
  • Nov 15, 2019 12:17am Nov 15, 2019 12:17am
got the answer, thanks Victor for nice reply.
  • #158
  • Nov 21, 2019 1:59am Nov 21, 2019 1:59am
Quoting MarkFxAnde
what you think there is any different between experience or successful trader ? its all about same or different any ?
I agree. Its not necessary that someone with experience is a successful trader.
As far as leverage is concerned, beginners should try to use as less a leverage as possible. It only adds risk and risk must be avoided by beginners. So something like a leverage of 10-50x maybe but nothing more than that.
  • #159
  • Nov 22, 2019 8:34am Nov 22, 2019 8:34am
most of the time traders like to consider high leverage as risk , for all time i am not agree with that , if there is any risk it is completely with non-sense planning with zero risk managing policy , nothing without it.
  • #160
  • Nov 22, 2019 11:23am Nov 22, 2019 11:23am
its looks smart reply , but honestly speaking not practical message there is. because no way to avoid risk when using high leverage despite of most accurate trading plan.
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