What leverage should be good for a newbie to use?

[tedmos38]

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Leverage can be helpful;
except when losing or learning.
So the best way to do it/ cut back leverage when one is losing/learning;
if they are buying for example @ support, may want to put on the rest of position.
Good thing i did not try to learn trading on tqqq or sqqq=way TOO MUCH LEVERAGE.
SINCE no one can predict;
i sometimes use no leverage also/especially when i trade something new=every market differs...............................................................................................................

Thank you for sharing your knowledge with us

 

[Bill Marwick]

Leverage is solely a trader's choice. Most professional traders use the 1:100 ratio as a balance between trading risk and buying power. What is the best leverage level for a beginner? If you are a novice trader and are just starting to trade on the exchange, try using a low leverage first (1:10 or 1:20).

I would agree, the lower the better.

 

[Ytintod]

1:200/1:500/1:400 leverage will be best for a newbie to use.

Isn’t that a bit much for a newbie to use?

 

[Nicerchil]

Even expert traders stay away from 500x leverage.

 

[shanellcox]

You can try vantage fx and stick to 100:1 leverage. I don’t get using different brokers and different leverage for every trade

 

[fargone]

1:200/1:500/1:400 leverage will be best for a newbie to use.

That is a newbie’s dilemma in their end of forex trading, wondering where all the money went in the fraction of movement. Newbies should be advised to use minimal leverage in microlot with a sound and regulated broker. Can gradually increase if the performance is improving. It is no wonder why strict regulated brokers like fxview, ic markets, fxpro, do not allow high leverage.

 

[Richerichaderson]

You can try vantage fx and stick to 100:1 leverage. I don’t get using different brokers and different leverage for every trade

It would have been great if brokers allowed using different leverage for every kind of trade, I don’t think that’s possible. But such a thing would have allowed much bigger profits, using when you know for sure you’re gonna get a winning trade.

 

[Jastinross]

Even expert traders stay away from 500x leverage.

That is because they do not want to risk their large capital. It’s a totally different scenario for beginners.

 

[maxinger]

Even expert traders stay away from 500x leverage.

Calm confident traders don't have a problem with 500X, 1000X, or higher leverage.

High leverage is totally harmless.
It wouldn't make us more greedy.
It wouldn't cause us to make unwise decisions.
We simply put less money in our trading accounts.


also, it is very good for newbie traders who
have very little cash, and they want to trade live.

 

[Petra]

Lower the better.