1:1000 leverage is it really worth using?

[TheFxTrader]

1:1000 make you able to get into big positions with your capital and this is make you get into dangerous deals that can make you have big losses, some people use it and some people don't do that, and you should know what leverage you should use.

[The_Kuzaki]

1:1000 is really a very high and risky leverage. High leverage brings high profits, no doubt, but if your account is low a few pips movement against your position can wipe the account easily. Even a big balance account can face MC in case of a trend against the position due to high leverage.

so i would always insists to have a leverage below 1:200

[nouriisets4]

Yes. I am a small trader using leverange 1:1000 in my trade. with this leverange I can calculate what level of damages can I receive if I experience a loss in trade. I can easily use the funds how should I use to trade.

[naveed_ahmad6864]

leaverage jitna zyadh ho utna hee broker ki involvement increase hoti hai trading mn orr trade mn loss ka risk increase hota rehta hai isliye isko jitna low rkha jaye utna hee acha hai ke apki trade ke muqably mn reverse strength na bnay

[joko16]

l think if we will need a big stoploose for your trade then it will be very risky for your account.each position we open has it is own conditions and SL and TP requirements.if you are sure of the position and you have strong signal it may be safe.

[dardo]

Use a very high leverage as 1: 1000 can be harmful for novice traders because it can generate irrecoverable losses. All traders should look for alternatives to achieve a strategy that is profitable in the long term. a trader must operate with a low risk to succeed.

[apologyx48]

yes I also think it that 1:1000 is really worth use in the forex business . actually the high leverage is the cause of the getting loss in the forex business . the forex traders should not the high leverage it is harmful for the traders .

[sana0121]

High leverage brings high profits, no doubt, but if your account is low a few pips movement against your position can wipe the account easily. Even a big balance account can face MC in case of a trend against the position due to high leverage.Greediness has no place in this business its a quality which brings down a trader.

[neil92]

Bhai ji yaha leverage high lene ka fayda tabhi hota hai jab aap sahi position open karte hai jissey aap ko kaafi achcha profit ho sakta hai agar aap wrong position open karte hai toh kaafi jyada loss bhi kar sakte hai bhai.

[aly2]

l think specially for smal It is very risky to fully utilised 1:1000 leveragel investing traders such high leverage is very useful as it helps them to trade the market with low capital and still gives the chance to earn money using there knowledge and skills..