What leverage should be good for a newbie to use?
- Thread starter Coner1980
- Start date
yes its true higher leverage = higher risk, its common sense. Only use what its in your margin account and keep hard stop losses until you get your methodology down.
First do not blindly assume high leverage is dangerous.
You need high leverage to earn tons and tons and tons of money
with a small amount of money. And that is the bottom line; to earn
tons and tons of money.
OK. Now to your question.
It depends on the individual.
For some people ( who have poor money management) , the lower the better.
And for some other people ( who have good money management and will never ever over trade), the higher the better.
So get to know yourself.
We wouldn't be able to give you the appropriate answer.
You need high leverage to earn tons and tons and tons of money
with a small amount of money. And that is the bottom line; to earn
tons and tons of money.
OK. Now to your question.
It depends on the individual.
For some people ( who have poor money management) , the lower the better.
And for some other people ( who have good money management and will never ever over trade), the higher the better.
So get to know yourself.
We wouldn't be able to give you the appropriate answer.
Last edited:
As a newbie you should use a bet size of 0.000001 % per trade or better yet trade with simulator money.
If you're in Europe and subject to ESMA regulations then max retail leverage will be 1:30 on major pairs, less on minor pairs and indices.
