Looking for high leverage trade with metatrader (400x/500x). Are there better platforms than MT4/MT5? Appreciate your suggestions.
High Leverage trading with Metatrader (400:1, 500:1)
- Thread starter shrieksmokey98
- Start date
Can give a try to NinjaTrader.
Presumably martingaling or grid trading? I.e. gambling
For me Mt4 is the best. Have been using Mt4 platform for the last 3 years and haven't felt any need to switch over to any other platform.
I like high leverage too; the higher the better.
It simply means I don't have to put a huge amount of
money in my trading accounts.
And I have absolutely no problem with high leverage.
Unfortunately, 99% of the people think high leverage is
risky.
To each his own.
OK, I'll bite. Why isn't high leverage risky?
GAT
It simply means I put less $$$ in my trading accounts.
I have zero problem in over-trading.
Let's say my max lot size is 10 per trade.
I wouldn't exceed that number no matter how tempting it is.
So your real leverage is much lower? So you agree that higher leverage is risky, if you use the correct definition of leverage (exposure divided by available trading capital, not just what's in your account?)
I suppose there are some pyschological advantages there, if you completely lack self control. But I can think of plenty of disadvantages as well. You will constantly have to worry about margin calls. Once you start losing money, and feeding money into your account to replenish it, it will be similar emotionally to feeding coins into a slot machine. Very easy to burn through your notional trading capital and start spending other money that you hadn't originally earmarked for trading.
GAT