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i think leverage is the thing which help to give more buying power but if you use it correctly then no problem.i think all depends on your lotsize if you open big lotsizes your account gets burst but 1:1000 leverage help you in buying more if you use correctly then it is good
Hi Bestlooser,Quote:
Originally Posted by bestlooser
What was your equity when you use 1:1000 leverage? Its not a big deal if you use 1:1000 leverage when your capital is less but if you invest a considerable amount on which you depend upon for your bread and butter, you cannot take chances. My point is that if you want to be a successful trader you should follow your risk reward ratio and also the money management as per your financial contraints. It is always better to learn that habit right from the beginning. Hope you are doing good in trading.
Happy Trading:peace:
No doubt money management is the key to survive in the Forex market and still make the profit, but leverage plays very important role in this. Higher leverage helps people to trade this market with there little money and still hope for making profit. Without such high leverage it becomes just a dream to do trading in this market.
I do not think that there is any trader that is fully utilising the 1:1000 leverage. Even when they have it selected, the most that they utilize is 1:500 or 1:600. There are very few traders who will open a position with 1 lot at $10 per pip, when they have only $100 in their account. The most they will do is to open 1 lot at $2 per pip or sometimes at $3 per pip.
people will invest only to gain huge profit in less period but most of the time so many people lose instead of gaining any profit.High leverage is not good for the trader,law leverage is good.my openion is 1:500 is good.
i agree with you that leverage give us more buying power but its good and profit able if our trade in right direction or in the trend direction.Quote:
Originally Posted by forexman
if we open big lot size opposite to trend direction then this high leverage force you near to margin call if you are not placing any stop loss.
Due to the fact that the forex market is not 100% predicatable, it not possible to be in the right direction on your first try, there is bound to be a retracement before price continues in your intended direction. If you over utilize leverage and you do not have enough margin to cover the backward movement, you will get stopped out early from a very profitable trade.Quote:
Originally Posted by s19
i really agree with you when we hwve more leverage i opened so many positions and which finally got losses but if you use it in good way means it will be useful otherwise there may be margincallQuote:
Originally Posted by mayengbam
I know 1:1000 leverage is too much risky but is too much useful also because if you set leverage 1:1000 you can trade on gold with very low capital and earn more profit because gold is one commodity from all which gives you more and more profit with in minimum time.
hello, i don't try it for now , but i open an account with 1:1000 leverage , what do you think ? i must change it to 1:500 or not ? please advice me and thank you for all .