Anyone using high leverage successfully?

The reason I use leverage, the wealthy use it. Do not use it if you do not understand it. If you understand it then the reason to use it is very clear. I mean no harm in what I an saying. Many people have lost a live account because of high leverage.

LOL

High leverage means small margin requirements. Accounts with high leverage should be used only by disciplined traders, who understand the risk involved.

I know many people who laugh at wise statements. Most of them have little money or no money at all.


Some disciplined traders are very good at making little money. Disciplined traders who make a large amount of money know how to use leverage in more than one way. My heart goes out to people who want to make more money but refuse to explore the use of higher leverage.

Keep in mind I have learned from very wealthy people. It would be nice to find another similar to myself.

Wise people ponder wise statements.

Are you pondering? or not.

For all of you who have read BWILC, you seem to have missed or misunderstood, the author's explaination on money management. He differentiates between Leverage and Gearing. Although similar they can have a very different effect on your account. Therefore, I will explain the difference between the two the way I understood the author's intentions.
Leverage means, if I have $1 I can manipulate X amount of $'s
Eg: 100:1 Leverage means if I have $1 I can manipulate $100.
Gearing on the other hand refers to account size.
EG: If I have a $10,000 account balance and can manipulate $100,000 that is a gearing of 10:1. Saying that, if I deal in a $10,000 lot my gearing is 1:1 and recieve $1 per pip and it's cost me $100 to open a trade, my leverage is still 100:1.
Hope this helps!

The question is,

Anyone using high leverage successfully?

The answer is,

Yes!

But not very many.

I think high leverage is a disaster if you had $250 and 400:1 leverge you could do a 1 lot and blow up your entire account with 25 pips on one trade

Then have a 10.000$ and do 1 lot. How about that? And on top of that, your margin requirement for 1 lot will still be 250$. No wonder 80+ % of you fail if you can't grasp simple concepts like leverage..

It really comes down to discipline and consistency in execution. Higher leverage gives more flexibility in entering trades, but without a proper plan and risk control, it can easily lead to emotional decisions.

Yes , i do trade with big leverage

I traded with high leverage before, but honestly the success came from using only a small part of it, not from maxing it out. In my experience leverage is just a tool, and without strict sizing one normal losing streak can damage the account very fast

Going back to post 1.
It is very important that new traders understand the main concept of Leverage.
One thing is the leverage your Broker grants you , and another is the one you use.

If A broker grant you 100:1 , means that for every 1 usd or whatever other currency you deposit, you can trade maximum 100 of that currency.
Basic example , if you deposit 1000 USD, you can buy up to 100000 of USD currency.

Now, you never want to buy that maximum in one entry or combination of entries. A small price move can wipe out you account .
What to use, is up to the trader.