What Leverage Are You Using?

[radex78]

If you can't control emotion properly, don't use high leverage because it will lead to greed in trading, safe leverage is low leverage, in FXOpen, many PAMM manager choose leverage 1:100, however we can use leverage 1:500

[AndrewJ]

If you can't manage your emotions, don't trade with large leverage since it will lead to greed. Low leverage is safe leverage.

Many PAMM managers in FP markets use leverage of 1:100; however, we may use leverage of 1:500.

[radex78]

Beginners suggested using small leverage because of still unstable emotions, one loss trading could make a bigger loss because of emotion, which high leverage can lead the trader to be greedy. 

[James Mcgrant]

Since I trade long-term, I prefer using a high leverage of 500:1, and I use FP Markets, where their offshore account provides 500:1 with a commission cost of $3 per lot, which I find is lower than most ECN brokers without any issues such as spreads widening.

[Harvey]

To trade forex, I only utilise leverage of 1:500, which is the maximum leverage available through FP Markets. But I can trade with a tiny spread starting at 0.0 pips, which makes me feel quite comfortable when trading.

[radex78]

Leverage is useful feature in forex trading, however, choosing leverage also need to wise because use high leverage could leading traders being greedy, and the most reason whjy traders get fail is they can't control emotion and becomes greed inthe uncertain market. Different broker maybe offer different maximum leverage, in FXOpen max leverage is 1:500.

[Hudson]

I trade with an ASIC-regulated broker, FP Markets, using their offshore licence from St. Vincent and a leverage of 500:1.

I've been using it for a couple of years, and so far no major issues have occurred, even the execution is faster at 26 ms.

[nanamage]

Have you at FxOpen ever experienced a margin call due to high leverage?

[bigxy]

On 6/5/2023 at 2:43 AM, radex78 said:

Beginners suggested using small leverage because of still unstable emotions, one loss trading could make a bigger loss because of emotion, which high leverage can lead the trader to be greedy. 

Higher leverages can claim higher risks as well so always better to start with low leverage and increase it if needed in future.

[radex78]

On 7/20/2023 at 11:20 PM, nanamage said:

Have you at FxOpen ever experienced a margin call due to high leverage?

I have been trading with FXOpen broker for more than 9 years, margin call I think is normal in the process of learning, all traders I think had experience margin calls, if not, it's only 1 from 1000 traders.

[Ritesh.R]

Since I trade with FP Markets and trade using their St. Vincent account, the leverage offered is higher at 500:1.

The commission cost is also lower, at $6 per round lot.

[radex78]

Low leverage will prevent greedy trading because when only use small capital will not be sufficient funds to open new position orders. Choosing higher leverage gives more chances to make trades, however, the risk also increases when traders are greedy. So be wise using trading margin..

[Jason]

I have been trading for a couple of years now, and I prefer trading with a higher leverage, so I choose to trade with FP Markets, where the leverage offered is 500:1, though it only provides it with its offshore licence, so there are no issues like spreads widening or servers freezing.

[radex78]

Using high leverage is like as double edge of swords, on one edge could boost profit, and on the other edge like a sharp knife that could make the hand bleed. Traders need always to be wise in using leverage and keep proper money management in trading. 

[RolexFX]

I am trading with FP Markets, an ASIC-regulated broker that provides leverage of 500:1 with their offshore license. There are no issues like spreads widening or servers freezing.

[RodriJames12]

I currently trade with FP Markets using their offshore licence from St. Vincent, which provides a high leverage of 500:1. There were no issues such as spreads widening or servers freezing.

[boltushkin]

I use 1:100 leverage with Hotforex but I also try to maintain good amount of equity to reduce leverage to save up on borrowing costs. This is especially important if you hold positions overnight. 

[radex78]

Traders need to be wise in choosing leverage, because the leverage function is like we take loan from the broker to make a bigger transaction, in one side could boost profit, but on the other side, it could make a big loss in a single trade. Using 1:500 leverage if we can control decisions and always use the smallest lot size 0.01 lot is no matter

[nanamage]

 Freshforex is a strong company broker, more than 18 years old, and has good trading conditions is good, low spread, and offers various best promos, all withdrawn smoothly to process, and leverage.

[radex78]

Choosing leverage, traders need to understand to their needs, leverage is like loan to broker because with higher leverage allows trader make higher position size, however the risk also higher because when traders using bigger lot size, hence will reduced margin level, and low margin level could lead quick margin call.

[boltushkin]

Been sticking to 1:100 leverage for the last two years with Hotforex, sometimes there are opportunities when I feel I should take higher risk than usual, this is when high leverage becomes useful. Though it doesn't happen too often maybe 1-2 times a month.