Reply With QuoteYes leverage is good, but we should be careful with it. Because if your leverage is too high there is the possibility of losing so much when the market goes against you.Originally Posted by Golden Sark
According to me, traders need to select their trading leverage feature according to their demo trading experience, if they were comfortable with 1:100, then they should go for it! But no doubt, high trading leverage is a dangerous way to go with! So, traders need to follow the proper money management rules!
Yes leverage is good, but we should be careful with it. Because if your leverage is too high there is the possibility of losing so much when the market goes against you.
May I know your risk-reward percentage on your per trade? Why do you need to use 1:100? I think, 1:50 would be enough if you take such a small risk ratio!
I see, most of the genuine Forex traders are using low trading leverage, since they follow the money management rule so tightly; on the other hand gamblers use high trading leverage for high profit!
Yes, I have seen the same! Forex is the largest currency trading market with a 4 trillion transactions occurring on daily basis. There are different types of Forex traders, including scalpers, long-time traders, hedgers, and gamblers. The percentage of scalpers is really bulk and those who are scalpers get extra advantages with Eurotrader broker.
According to me, candle chart is much useful than the others 2 one; I basically rely on the candle chart for understanding the technical signal of the candle chart. Even, I don’t need to use any kind of technical tool.
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