Oct
8
nauticalpsycho asked:
Does anyone have any suggestions on a leverage limit?
Does anyone have any suggestions on a leverage limit?
Many FOREX brokers allow up to 200:1 leverage. My trading strategy is to take just very small gains (3 or 4 pips at a time) and set the stop losses way out there just to avoid a total wipeout. I never trade on Fridays either and of course close out before the market closes.
Because of the giant stop losses, I am only comfortable with around 20:1 leverage or maybe 30:1.
In other words, with a $500 margin account balance, I would only consider buying 0.1 lots of EURUSD (10,000) at a time; 0.2 lots with $700; 0.3 lots with $1100 and so on…
Does anyone out there use the same strategy as me and feel comfortable with higher leverage like 40:1, 50:1 or even higher?
Cameron
Comments
4 Responses to “How much leverage are you comfortable trading in FOREX?”
I also, do a 200:1 leverage and usally take small gains at a time.
My liking but know professional forex is too dangerous for my liking but know professional forex is worth good luck.
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My forex activity is not just your margin call paul.
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