Really? what leverage and what risk per trade?

Does anyone know truly what professional traders use?
What leverage would they use and what risk per trade?

From what I've heard, professional traders risk no more than 1 to 2 percent of their equity on one trade, and leverage no more than 5:1 per trade. Some of the more daring types might risk up to 3 percent and leverage up to 10:1... but that is pretty much the max they will do.

I would say it depends how much capitol you have to start with, but the 1-3% risk is good for anyone. The leverage can change with smaller accounts. For example with a $5,000 account 5:1 leverage just won't cut it, most of the pro's have a good amount of cash so 5:1 works for them. $5,000-$10,000 100:1 or 50:1 would be decent. Although with leverage just because you have a large leverage doesn't mean you want to use it all. It's all about money and risk management when working with leverage.

Leverage in FX still confuses the heck out of me!

Anyone have a good link for me?


FXS

but just in case http://www.forexfactory.com/showthread.php?t=3690

I have visited it but not given it a hard study and completely
understood it! I will now.
What a great resource we have in this site and members!

Thanks again,

FXS

Some people want to know what leverage and what risk to reward ratio the pro’s use…. shouldn’t they worry about that when they have an effective trading strategy?…one that can pay the bills

L.C.