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Is it good use high or low leverage as a beginner?

  • #161
  • Aug 30, 2020 5:51am Aug 30, 2020 5:51am
strictly use cent account as a beginner because one takes 2-5 years to learn and be succesful.so never use standasdr account in real account.demo account doesnt matter but use cent account,so if u lose,u dont lose too much of money,we all lsot so many thousand dollars as beginners.
  • #162
  • Aug 31, 2020 2:52am Aug 31, 2020 2:52am
I believe I have said in other thread that it is better to stick with low leverage for the beginner to avoid the huge losses.
  • #163
  • Aug 31, 2020 6:14am Aug 31, 2020 6:14am
Quoting survivors
I believe I have said in other thread that it is better to stick with low leverage for the beginner to avoid the huge losses.
Correct. Beginners should use as less use of leverage as they can if they want to keep risks and losses away. We should always learn from those with experience.
  • #164
  • Sep 1, 2020 2:29am Sep 1, 2020 2:29am
Quoting martin15
{quote} Correct. Beginners should use as less use of leverage as they can if they want to keep risks and losses away. We should always learn from those with experience.
I agree with you. I just hope they shouldn't get excited thinking that higher leverage means higher profit.
  • #165
  • Sep 1, 2020 4:13am Sep 1, 2020 4:13am
Quoting havo
Too EVERYONE that talks about "you should use low leverage because.. feelings and stuffs" you are a freaking noob.. yea thats right deal with it !! the ONLY goal of trading its TO MAKE MONEY !! PERIOD !!! so your FIRST goal its to LEARN HOW TO DO IT RIGHT in the first place !!! then and only THEN you can talk about "risk" and all that crap.. do you think that using "small" risk its gona "save" your ass in the long run?? guess what, you are extending the time of death and giving yourself the "ilusion" of having money to try it...
Best post here :-)
  • #166
  • Sep 1, 2020 4:44am Sep 1, 2020 4:44am
so many important financial tool in Forex trading , from all leverage is most important which an investor should consider when choosing a broker , it completely
relates with risk management , if you know how to manage risk , i think there is very few chance to bring good amount of losses by using leverage , otherwise really it could be dangerous.
  • #167
  • Sep 5, 2020 11:16am Sep 5, 2020 11:16am
New traders are discouraged from using high leverage because they tend to misuse it. High leverage, in itself, isn't a problem rather the inability of a trader to use it properly and this proper usage can only come through experience.
  • #168
  • Sep 9, 2020 7:27am Sep 9, 2020 7:27am
As a new trader, you should use low leverage such as 1:20 to 1:50. high leverage means high risks for the new traders.
  • #169
  • Sep 9, 2020 8:57am Sep 9, 2020 8:57am
Quoting CoraLombard
As a new trader, you should use low leverage such as 1:20 to 1:50. high leverage means high risks for the new traders.
more important is cent account,defiantly as new trader,u will be hot sl many times until u learn the trading,so use cent account ,start with 100 dollar cent account and learn until 60% entries are profitable.
  • #170
  • Sep 10, 2020 1:04am Sep 10, 2020 1:04am
It is always wise for the beginner to use low leverage to avoid dealing with high risk. Once you are getting comfortable with your trading, you can gradually increase the amount of leverage.
  • #171
  • Nov 12, 2020 12:36pm Nov 12, 2020 12:36pm
Every beginner should start their trading with low leverage. Because with a little knowledge, it will be very risky to use high leverage.
  • #172
  • Nov 13, 2020 11:28am Nov 13, 2020 11:28am
Quoting DexterDuncan
Every beginner should start their trading with low leverage. Because with a little knowledge, it will be very risky to use high leverage.
Leverage make this market riskier. New trader should avoid using leverage if possible. Otherwise I recommend low leverage like 1:50 or 1:100.
  • #173
  • Last Post: Nov 18, 2020 8:58am Nov 18, 2020 8:58am
Rookie or not, I feel nobody should use leverage carelessly and without being aware of its effects.
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