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  1. #1
    Mark M is offline Senior Member
    Join Date
    Dec 2016
    Posts
    460

    Default What leverage will you advice as a newbie trader to use?

    What leverage will you advice as a newbie trader to use? Do you think 1:1000 is too high for inexperience trader to use? Because I have been advised against using high leverage but again I thought it broker have provided it why wont I use it. What you think?

  2. #2
    Angel candy is offline Senior Member
    Join Date
    Mar 2016
    Posts
    366

    Default

    I will not advise any high leverage to any newbie trading because he/she might lose his investment in a single trade risk.

  3. #3
    andengireng is offline Senior Member
    Join Date
    Aug 2017
    Posts
    110

    Default

    I recommend you to use leverage 1:1000 maximum, it is the best leverage for you as a newbie, with 1:1000, you can open position with bigger lot, don't use leverage more than 1:1000 like Hot Forex offer you, you can choose 1:3000 max leverage in HotForex, but believe me, it is scam!

  4. #4
    Stive Welson is offline Member
    Join Date
    Jun 2018
    Posts
    87

    Default

    While adopting a trading strategy, currency exchange traders need to adopt proper trading strategies that will be best fitted as per his ability to accept risks. While it comes to the adoption of strategies by the nave traders, I feel that beginners have to be very cautious and from my point of view, beginners should use their own investment rather than levered funds. As escalating leverage means that a trader can face an increasing risk of losing money.

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