1:1000 leverage is it really worth using?

[gretongan]

high leverage brings high profits, little doubt, however if your accountis low many pips movement against your position will wipe the account simply. also a massive balance account will face mc

[letmegoo]

i don't advise you to use this leverage especially at first just try to use 1:400
or 1:500 i think you need to have self discipline to continue in this field.

[choyon4]

It is fine to take risk but in my view we should not ignore risk reward ratio. 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.so we have to be careful when using such huge leverage. I think forex is a good job.

[dewik79]

I cannot understand why some people using 1:1000$ leverage while your account become more risky due to this. Look in a cents account you buy .1 lot for 17 cents capital and as 10 pips is spread you enter into 10 cents loss .. now if prices move down 7 pips your account get burst and if prices move up by 10 pips you dont earn and it is from 11th pip onlward that you start earning.

The lower the leverage, the more secure we are trading, because of the protection we can not use the large lot sizes. But, when you use 1:1000, you can put all your margin, but this is extremely dangerous for those who have not much experience.

[ramlan10001]

1:1000 leverage is it really worth using?
I think not because it makes us quickly go bankrupt because no balance for our financial management,,, hee

[AkuMaenLagi]

For a trader with small capital, leverage 1:1000 very useful. Type leverage can help traders to start trading with a very small initial capital. For example, a micro account, you can make a deposit of at least about 1 to 10 usd. So leverage 1:1000 so beautiful in this case.

[prince88]

I cannot understand why some people using 1:1000$ leverage while your account become more risky due to this. Look in a cents account you buy .1 lot for 17 cents capital and as 10 pips is spread you enter into 10 cents loss .. now if prices move down 7 pips your account get burst and if prices move up by 10 pips you dont earn and it is from 11th pip onlward that you start earning. good job......

[boxingfx]

I don't like to use leverage and using a lot leverage is like a bullshit to me.The more you take leverage the more you are risky.I think for 100$ 1:200 leverage is enough.It's better to trade without leverage.Those who want to use leverage he should select a comfortable leverage for his balance with proper analysis

[sakira.6]

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 and also you should set your trades in such a way that even if trade goes against your expectations job.

[mahbubur]

obviously 1:1000 leverage is very much effective for small trader even for large volume traders ..this is really high leverage for me ..but i think it can be dangerous for small investors coz if we can't control our trading volume then losing all the money is very much possible so quickly