When can a forex trader use 1:1000 leverage?

[Margit]

I have been using a lower leverage since the start. I've never exceeded 1:200. Now I am considering increasing my leverage from 1:200 to 1:1000. This is the maximum leverage provided by Forexchief STP/ECN broker. Has anyone here used up to that leverage? If yes, how did you manage the risk?

[Matheus Schotsman]

Leverage is very important for retail traders. It increases our buying power. We can trade with inconsequential capital with the help of leverage. The lead is whether you take high leverage by then reducing the hazard % proportionately. In any case, I figure trader should focus on quality trading. Also, for that perceiving and contorted is basic. For my trading I utilize Eurotrader broker since I like their useful resources like eBook and video instructional activities. I utilize 1:300 leverage in any case they give from 1:100 up to 1:500 leverage. 

[maspluto]

The use of existing leverage must be able to be considered well, this is needed and necessary so that traders can become better and can be more maximal in carrying out trading activities that are in line with expectations and can become Tickmill's trader of the month.

[Mrsooduraske]

I think this leverage is the smallest risk related leverage and this is really good for traders who dont have very big capital to trade and also can trade with those for a long time if there is no big loss and those helps to take low risk and make profit here handful.

[uncle gober]

The use of existing leverage must be able to be considered properly, this is done so that traders can be maximized in carrying out trading activities that are in line with expectations and can become a trader of the month with Tickmill.

[Hanan Öberg]

Besides maintaining your strategy, try to handle your emotion. Uncover the mystery of Forex through more and more innovation. Strategize your trading. ECN brokers should get the highest level of priority. FXOpulence uses advanced technology so traders can enjoy a good trading interface here.

[uncle gober]

Understanding and knowledge should be carefully considered. With a solid understanding and knowledge, trading can run smoothly and optimally, and this is something I have already applied since joining Tickmill broker.