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Yes I believe newbies shouldn't take high leverages as a result of they're those UN agency cant ready to management their emotions and can certainly open huge ton size and lose everything however if they management them self then high leverages is sweet.
I do not have any experience about this topic. so i also want to know about that . any body help use about that topic. i feel like to learn about quickly. because i want to deposit some money in live account by using istaforex. thanks.
If you are quite certain about trend then only play with high leverage. otherwise at initail stages it is far better to trade with low leverage because it is very difficult to predict the trend without experience.
High leverage is taken for making more money. It is good when we will know to me if someone just trade blindly and do not make any plan for high leverage...then it can also cause losses...
around my opinion we should avoid using higher leverage till we've tight stop loss and confident concerning the analysis. however if you do dont use stop and plan to firmly await a reversal using lower leverage is should as otherwise you shall presumably blow your account.
High leverage is that the open gates for flow of funds out of our account, it increase the greediness within the dealer and create him to require additional risk than his cash management set up that ends up in some loss
forex leverage may be a double-edged sword, whereas it could multiply our gain potential exponentially, it could equally magnify our loss potential. it's so recommended that traders new in the forex market begin trading with small leverage choices.
I has lost many min accounts and so i learned to use small lot sizes and making consistency profit with minimizing the losses if you can control it you make a different ride to me in time
the use of leverage in forex trading is vital, particularly for small accounts leverage capital doubled..... and produce multiple trades trader balance other then to actually avoid the risks of leverage ought to be used stop-loss to actually choose proportion for instances when of loss not cross
High leverage won't bring higher losses however it can facilitate you to firmly handle high volume of currency. What brings higher losses happens to be the lot size. As an example, if you're using plenty size of 1.00 and therefore the market goes against you by 1 pip, you may lose $10 that's a large amount of cash and might wipe your account most especially if you could have a small balance. Thus high lot size will result in higher losses.