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What leverage should be good for a newbie to use?
- Thread starter Coner1980
- Start date
Beginners can prefer trading with lower lots and can use leverage upto 1:100 to check their performance in a real time trading environment.agree. beginners can use high ratio in demo to see the performance how it works.
Traders should be careful and use risk management tools even while using high ratios.
risk management is really important , otherwise using high leverage could be dangerous.
Knowing how to choose the right leverage is definitely important. Leverage is always a double edge sword and I find newbies tend to overuse their leverage so they end up with a huge loss. Personally i would suggest start with a lower leverage like 1:50 - 1:200 max
leverage most of the tine works to fail when you have poor money management including lo trading plan.Knowing how to choose the right leverage is definitely important. Leverage is always a double edge sword and I find newbies tend to overuse their leverage so they end up with a huge loss. Personally i would suggest start with a lower leverage like 1:50 - 1:200 max
According to me, the most acceptable leverage for a beginner should not exceed more than 10x.
beginners should not use any kind of leverage to avoid unfortunate risk and loses.
any kind of leverage ratio can be useless if there is no perfect trading plan.