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[Razor1911]

Well, forex market is risky and complicated one. And for a newbie who just join the forex, it's like a roller coaster ride. There are so many things to learn and that is also so many ways. It is easy for a beginner to lose in the trading business and get their account wiped off. Since a newbie has less experience, he needs to focus of learning and gaining experince rather than trying to become overnight billionaire.

One of the aspect, which most newbie trader don't know is to take appropriate leverage for the account. Most of the newbie trader takes the maximum leverage for which the whole account has the risk to get margin call. In my view, a trader should never take leverage more than 1:100. There may be many brokers who provide more leverage like 1:1000 or even more. But the more leverage you will take, the more risk is involved . so it's better to stick with the medium or low leverage. This is my opinion and I am open to listen to your opinion about the leverage for a newbie trader.

 

[1goalsuccess]

I think low leverage is most suitable for a newbie trader

 

[ELSA-ELI]

The little knowledge i gathered about forex trading i was told that a newbies should only risk 1percent per 1000 trading margin. Meaning if you have $150 you are risking 1 pip or 1 cent every time you enter a trade.
In this case your risk management is efficient enough. But am not of this line of business for some years to come i would rather be hodling.

 

[ELSA-ELI]

I think low leverage is most suitable for a newbie trader

If you could be a little specific in the leverage interpretations in terms of figures then we could understand the technical side of your line of thought.

BTW welcome to this wonderful forum and feel free to participate and earn yourself some dollars,kwachas,pounds,euros and cryptos.Above all you have alot of information at your dispensation that will make you climb the world of earning online.TO YOUR SUCCESS!!

 

[Razor1911]

The little knowledge i gathered about forex trading i was told that a newbies should only risk 1percent per 1000 trading margin. Meaning if you have $150 you are risking 1 pip or 1 cent every time you enter a trade.
In this case your risk management is efficient enough. But am not of this line of business for some years to come i would rather be hodling.

Well leverage is two faced sword. It can be beneficial sometimes, and sometimes it may cut your throat too. You must know how handle with it. If you have less amount capital then you should go with mid to high leverage.

 

[ELSA-ELI]

Well leverage is two faced sword. It can be beneficial sometimes, and sometimes it may cut your throat too. You must know how handle with it. If you have less amount capital then you should go with mid to high leverage.

You seen to be well vested in this line of work. Are you doing live trades and wining at this project of trading with a broker? Keen to always want to hear the updated responses on how the trading journey is going for people that are in it.

 

[Razor1911]

You seen to be well vested in this line of work. Are you doing live trades and wining at this project of trading with a broker? Keen to always want to hear the updated responses on how the trading journey is going for people that are in it.

Yes. I have been in trading business for 7 years now. And I always try to expand my knowledge. Also I always give advice yo all the newbie traders what to do and what not to do in the market. It's very volatile and newbie can lose money easily.

 

[ELSA-ELI]

Yes. I have been in trading business for 7 years now. And I always try to expand my knowledge. Also I always give advice yo all the newbie traders what to do and what not to do in the market. It's very volatile and newbie can lose money easily.

Thanks for the time taken to focus on helping out here for knowledge as far as crypto trading is concerned. We look forward to following the positive strategies you will showcase. That is what this platform is all about.

 

[Wisdom01]

The forex market is very risky ,so when choosing a leverage , i advice you pick the lowest leverage because the market can move either way

 

[Ofonime]

The forex market is very risky ,so when choosing a leverage , i advice you pick the lowest leverage because the market can move either way

The forex market is very risky ,so when choosing a leverage , i advice you pick the lowest leverage because the market can move either way

That is true from what you said the market can move either way so its better that you chose a low leverage this will help you minimize the loss,I do trade with 1:200 bleverage but still fine it to be too high thou with the help of take profit and stoploss I can control my trade.

 

[Razor1911]

That is true from what you said the market can move either way so its better that you chose a low leverage this will help you minimize the loss,I do trade with 1:200 bleverage but still fine it to be too high thou with the help of take profit and stoploss I can control my trade.

You mention a very important thing here, stop loss. Yes, you can trade with higher leverage, but that will lead you to take more risk and hence you need to minimize the risk by proper management. And using of stop loss comes under a proper managerial approach. Stop loss is a must for every trader before taking any position to avoid sudden movement of the market.

 

[Ofonime]

You mention a very important thing here, stop loss. Yes, you can trade with higher leverage, but that will lead you to take more risk and hence you need to minimize the risk by proper management. And using of stop loss comes under a proper managerial approach. Stop loss is a must for every trader before taking any position to avoid sudden movement of the market.

You really mention a good point here trading with high leverage is too risky but with the help of stoploss and take profit that risk can be control,for newbie traders I will advice that you dont take too much leverage,mostly at the beginning the higher the leverage the the higher the chance of you getting loss so go for lower leverage

 

[Razor1911]

Yes. But there is also some benifit of higher leverage. If you can utilize that correctly, we can earn from even small amount. If you are a newbie trader and don't have huge amount to invest, then you can take the higher leverage. I know that has high risk, but with proper management, you can earn small amount here. Don't try to double it in a single day.

 

[Enackoma]

Yes. But there is also some benifit of higher leverage. If you can utilize that correctly, we can earn from even small amount. If you are a newbie trader and don't have huge amount to invest, then you can take the higher leverage. I know that has high risk, but with proper management, you can earn small amount here. Don't try to double it in a single day.

There are risks that everything was done in vain

 

[Razor1911]

There are risks that everything was done in vain

Forex is a risky business. You have to acknowledge that there is a high chance that you will end up losing your whole capital. But unless you take any risk, you can't earn also. The perfect approach should be to trade, but side by side minimization of risk is also important.

 

[Bousine00]

Well, forex market is risky and complicated one. And for a newbie who just join the forex, it's like a roller coaster ride. There are so many things to learn and that is also so many ways. It is easy for a beginner to lose in the trading business and get their account wiped off. Since a newbie has less experience, he needs to focus of learning and gaining experince rather than trying to become overnight billionaire.

One of the aspect, which most newbie trader don't know is to take appropriate leverage for the account. Most of the newbie trader takes the maximum leverage for which the whole account has the risk to get margin call. In my view, a trader should never take leverage more than 1:100. There may be many brokers who provide more leverage like 1:1000 or even more. But the more leverage you will take, the more risk is involved . so it's better to stick with the medium or low leverage. This is my opinion and I am open to listen to your opinion about the leverage for a newbie trader.

I think 1:100 is a perfect place to start as a newbie. Also, you need to do a lot of practicing on your demo account, so as not to risk lossing your hard earned money.

 

[Wisdom01]

That is true from what you said the market can move either way so its better that you chose a low leverage this will help you minimize the loss,I do trade with 1:200 bleverage but still fine it to be too high thou with the help of take profit and stoploss I can control my trade.

I think what I mainly do is that when I am scalping little profit from trade I make use of high leverage , but when on long term I make use of very low leverage

 

[Bousine00]

I think what I mainly do is that when I am scalping little profit from trade I make use of high leverage , but when on long term I make use of very low leverage

Nice strategy bro. But scalping is not for the faint hearted. It takes a lot of courage, that is why I prefer low risk trades and investments.

 

[ashim kate]

I think that anybody who has been into forex as a beginner will always advise others that they should be very familiar with spots trading and do it for a long time before they should start using leverage. I have only used the 1.200 leverage on a maximum because I think that anything higher than that is too risky.

 

[Kubiat-Abasi]

Firstly, for a newbie in Forex trading, it is advised to use the; Demo Forex trading app that gives you free leverage in learning to trade, although you can't earn from it. Before I trade both in cryptocurrencies and Forex. I actually opt for the alternative of demo account where you would even be given free bonuses to learn how to trade. This is actually a stepping stone to help or give me an insight to what trading is all about. It also helps me to be highly technical and prepare me for future challenges and teaches me to discipline myself in setting realistic and achievable objectives. Also, it is recommended that you use the low leverage until you are able to learn the ropes then you could opt for high leverage. Additionally, as a newbie, you should adopt the swing method of trading, it is not every time you have to trade in Forex, if not, you will run into losses.