What leverage should be good for a newbie to use?

[PeterNguyen]

high leverage is only used if you are really experienced and can control your risk well. Otherwise it's better to stick to low leverage.

 

[Donald Farmer]

when i was a new in trading i used only 1:50 even in a demo account. this supported me al lot to avoid using high leverage, because high leverage can make you profitable and at the same time it can make you loser overnight.

I totally agree! Leverage can be a disaster if not used wisely and carefully. It can drain the account in no time, leaving a trader broke.

 

[KCalhoun]

imo new traders should use zero leverage and no margin. Leverage is toxic for inexperienced traders

 

[Syndactylic]

imo new traders should use zero leverage and no margin. Leverage is toxic for inexperienced traders

And even if a beginner wants to trade with leverage they should try to learn on the demo account first and see how it works.

 

[Louis Peter]

I would suggest newbies to first trade with a demo account but if you are looking for live experience then trade with a leverage of 1:30 or 1:10 to avoid higher loss.

 

[Arnie]

IMO a demo account is only useful for understanding how orders work...limit, market, stops, etc...
You need to learn to trade with real money. Start small, manage risk. learn discipline/patience.
All the rest is just BS.

 

[Brent Nicholson]

As a beginner it is always good to start with minimum leverage. I’d also suggest practising trading leverage on a demo account to see how leverage works.

 

[PeterNguyen]

Leverage isnt a bad thing since trading forex without leverage feels kinda bad since you won't be making any profit at all and requires more capital investment. IMO 1:100 is good enough for beginner.

 

[murray t turtle]

imo new traders should use zero leverage and no margin. Leverage is toxic for inexperienced traders

%%
Exactly\
but hi leverage can teach a new lesson one never forgets

 

[Abbas Ali Khan]

Leverage isnt a bad thing since trading forex without leverage feels kinda bad since you won't be making any profit at all and requires more capital investment. IMO 1:100 is good enough for beginner.

yes this is a perfect message about leverage.