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Using high leverages can be risky


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Trading with leverage adds certain risks, however, leverage also adds potential profits. It is very important to bear in mind the idea that big potential profits imply big risks. Some brokers offer negative balance protection which reduces the risks, but they still exist, never forget about it.

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No doubts that using leverages can be risky. It really is, nevertheless leverages open quite good opportunities for earning money. There are some traders who advice using leverages, but they don't understand that it can be quite difficult to sort out with leverages in case you're a total novice in trading activity. Otherwise, there are some traders who claim that nobody should use leverages because some brokers offer pretty high leverages which can possibly blow the accounts of rookies just in couple of minutes. So, I think that beginners should learn everything properly before starting trading with leverages. 

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22 hours ago, Intcatekin said:

No doubts that using leverages can be risky. It really is, nevertheless leverages open quite good opportunities for earning money. There are some traders who advice using leverages, but they don't understand that it can be quite difficult to sort out with leverages in case you're a total novice in trading activity. Otherwise, there are some traders who claim that nobody should use leverages because some brokers offer pretty high leverages which can possibly blow the accounts of rookies just in couple of minutes. So, I think that beginners should learn everything properly before starting trading with leverages. 

We have to first of all understand this fact that if we will make use of a Trading Plan then our income from such trading will continue to Increase.

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  • 8 months later...

Spread refers to commission taken by brokers and it’s the way through which a broker gains profit from traders. But those who are traders should trade in low-spread-consuming trading pairs because it enlarges trader’s return. On most of the pairs, Eurotrader charges low trading spread.

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  • 4 months later...
  • 3 weeks later...

Broker selection is something that needs to be considered carefully, because our capital will be stored at the broker, and to carry out trading we also need a broker. That's why I joined the Tickmill broker, besides safe capital, here I can also feel comfortable and safe carrying out trading activities.

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  • 1 year later...

Using high leverage in trading increases potential profits but also amplifies potential losses. It magnifies both gains and risks, requiring careful risk management and a disciplined approach to avoid significant financial setbacks.

 

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Profits in forex cannot be obtained instantly or easily. That's why as a trader, it's important to diligently learn about forex and develop skills, which helps in achieving profits effectively with Tickmill as the broker.
 

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