What leverage should be good for a newbie to use?

KCalhoun said:
I believe new traders MUST trade in cash only, no leverage period until you've doubled your cash account.

Leverage blows traders out faster. Ive heard tales of woe from hundreds of traders since 1999... leverage and margin is quick death, until you're consistent.
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I totally agree with you, have faced this thing personally
 
Dugrel said:
I can say for myself that the leverage in the amount of 1: 1000 suits me perfectly, which is offered by the Amarkets broker, because it is quite convenient to work with him, and there is also an opportunity to ask for help from managers.
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Great. I see you troll, and raise: I prefer 1:10 000. It suits me perfect as I can become a billionaire before the weekend.
 
Dugrel said:
I can say for myself that the leverage in the amount of 1: 1000 suits me perfectly, which is offered by the Amarkets broker, because it is quite convenient to work with him, and there is also an opportunity to ask for help from managers.
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I like high leverage.
The higher the better.
High leverage means we put less money into our trading account.

Perhaps I should start looking broker with 1: 10 000 leverage.
 
As a newbie, stay away from leverage. It's going to kill your account.
 
Yes, newbies should focus on learning the various aspects of Forex Trading, instead of going all-in in the real market.
 
My suggestion to newbies would be to avoid using leverages till you have gained enough experience and confidence in live trading.

Leverage can be risky and complicated to understand if you have lower knowledge about live forex trading.
 
jys78 said:
None.
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LOL\ but that's only if we like common sense;
+ some simply prefer thrills, spills + chills to profits. Good profit points..........................................................................................................
 
If you would be new to Forex, the ideal start would be to utilize 1:10 leverage as well as a 10,000 USD balance. So, the best leverage for a beginner would definitely not higher than the ratio from 1 to 10.
 
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