High leverage

Discussion in 'General Forex Discussion' started by John Hussy, Jul 3, 2022.

  1. John Hussy

    John Hussy ECZ Member

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    High leverage can bring profit instantly if you are able to make proper trading planning with great risk management policy , otherwise you can fall a huge loss by taking high leverage , in this market place by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non-sense planning and zero risk management approach. So, before trading with high leverage we have to know how to manage risk.
     
  2. radex78

    radex78 ECZ Member

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    A trader needs to understand leverage because leverage can magnify profit but also loss too, choosing leverage adjusted with trading strategies and purposes, high leverage may give the best opportunity to open higher volume, but the risk is higher too. Many managers of PAMM in FXOpen they choose low leverage at 1:100, but we can use leverage until 1:500.
     
  3. Timothy Mullett

    Timothy Mullett ECZ Member

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    Definitely, Forex trading carries both money and status. Forex trading can give you more money than a high-ranked job. However, there is condition behind so, which is Forex should be traded with good trading skill.
     
  4. John Hussy

    John Hussy ECZ Member

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    right now i am doing scalping by GBPUSD . sounds good till now.
     
  5. radex78

    radex78 ECZ Member

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    GBPUSD is good trading pair with a low spread, scalping works on this pair.
    Scalping will be fun if mastering strategy.