Using high leverage is not a good thing

Results 1 to 8 of 8

Thread: Using high leverage is not a good thing

  1. #1
    Senior Member
    Join Date
    Jul 2020
    Posts
    249
    Thanked: 0

    Default Using high leverage is not a good thing

    Using high leverage is not a good thing
    As a beginner, using high leverage is not a good thing. Choosing the right leverage depends on the trader's knowledge and trading style. Traders need to learn how the market works and what it takes to trade. Test it in the demo account first. Nowadays many brokers like Eurotrader offer a free demo account to their trader.

  2. #2
    Senior Member
    Join Date
    Jul 2020
    Posts
    222
    Thanked: 1

    Default

    Selecting high leverage does not make trading accounts secure. A trader can make a lot of profit if he can trade by maintaining proper knowledge and discipline. If you cannot select leverage, it is not possible to gain consistent profit in trading.

  3. #3
    Senior Member
    Join Date
    Feb 2021
    Posts
    159
    Thanked: 0

    Default

    True, high leverage can be quite dangerous. That is why financial regulators have been banning that for quite a while now.

  4. #4
    Senior Member
    Join Date
    Jul 2020
    Posts
    222
    Thanked: 1

    Default

    High leverage trading plays a big role in reducing the profit ratio. I think every trader should prefer low leverage. In this, a trader cannot trade emotionally. As a trader, if I think I will trade with a low mentality, I will never be able to advance in trading. So I have to trade with a positive mindset.

  5. #5
    Senior Member
    Join Date
    Apr 2017
    Posts
    944
    Thanked: 1

    Default

    Yes stop loss is important for short term traders. It ptotects you from incurring huge loss. But you have to be expert in placing stop loss. Most newbies complain that if they place stop loss, market reverse after hitting the stop loss. It happens because they are not experts in trading. You also need a broker like TP Global FX that doesn't give slippage.

  6. #6
    Senior Member
    Join Date
    Feb 2021
    Posts
    159
    Thanked: 0

    Default

    High leverage does often lead to losses, especially for inexperienced traders. That actually forced quite a few financial regulators to ban leverage above 1:30 to curb that problem.

  7. #7
    Senior Member
    Join Date
    Jan 2020
    Posts
    305
    Thanked: 0

    Default

    Before dive into the largest decentralized market place you need to get enough education about forex trading. Forex education helps you to ensure the profit. Without the education of forex, it is not possible to make profit from this largest decentralized market place. Before starting forex trading, you can practise by a demo account. It will help you to know about all the techniques of forex. I am currently trading with Tpglobalfx. I also opened a demo account to learn about forex. It helped me to know all the basic things about forex practically and easily.

  8. #8
    Senior Member
    Join Date
    Sep 2017
    Posts
    1,459
    Thanked: 2

    Default

    in ro ham eslah kon:
    Traders can learn many things from demo. Actually, it is the best place for learning trading. Trader learn about trading platform and broker condition like spreads, leverage, slippage, execution speed in demo account without losing account. Forex4you provide free demo account. If you make a small mistake in real account it will cost you money. So, there no place for mistake in real account. So, learn in demo account and then invest in real account.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Join us