Question
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High or low leverage, as a beginner?
9 Answers
<p>If you are new to Forex, the ideal start would be to use 1:10 leverage and 10,000 USD balance. So, the best leverage for a beginner is definitely not higher than the ratio from 1 to 10.</p>
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<p>Always remember that using low, medium or maximum leverage on Forex is a commitment. You return the main value of the leverage in the form of swap regardless of whether you succeed or fail at the end of the trading day. The leverage cost must be covered by the trader's account and will be automatically deducted from their balance.</p>
9 Views
<p>The concept of leverage is very common in forex trading. By borrowing money from a broker, investors can trade larger positions in a currency. However, leverage is a double-edged sword, meaning it can also magnify losses. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses. If your account leverage is 1:100 then with $2,000 minimum deposit for a standard account you will be able to trade up to $200,000 and with 1:30 leverage your ability to trade will be $60,000</p>
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<p>A good starting point for new traders would be to use a leverage of 1:10 and a balance of 10,000 USD. Therefore, the best leverage for a beginner is not higher than the ratio of 1 to 10.</p>
6 Views
<p>It is important for traders to choose the level of leverage that makes them most comfortable. When you're still learning how to trade currencies, or if you're conservative and don't like taking many risks, a lower leverage level like 5:1 or 10:1 might be more suitable.</p>
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