Using high leverages can be risky

[BTCETH Trader]

On 10/12/2021 at 10:21 PM, Resolve said:

If our trading skills are Good then we would be able to make more Profits 🙂

We will need to start doing our trading with Lower Risks.

[Resolve]

On 10/14/2021 at 4:59 PM, BTCETH Trader said:

We will need to start doing our trading with Lower Risks.

We should try to understand the nature of the Markets first before doing our trading.

[Voshakar]

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.

[maspluto]

The use of the existing leverage must be able to be considered properly, this is done so that traders can become better and can be maximized in getting the security and comfort of trading together with Tickmill.

[mlawson71]

High leverage is quite risky indeed, that's why it has largely been banned in a lot of jurisdictions all over the world.

[uncle gober]

Existing leverage must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading while on a real account with Tickmill.

[Intcatekin]

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. 

[Resolve]

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.

[BTCETH Trader]

19 hours ago, Resolve said:

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.

If our Trading Plan is good then we can get constant Profits.

[uncle gober]

The use of existing leverage must be able to be considered carefully, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Hanan Öberg]

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.

[maspluto]

the choice of broker must be able to be considered carefully, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Sassitude]

Leverage increases potential losses when trading, but it also increases potential rewards. It is crucial to keep in mind that high potential profits come with high risks.

[maspluto]

The use of existing leverage must be able to be considered carefully, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Nilde Lucchese]

Broker choosing is a major step in Forex and if you make a mistake here, you will have to suffer in the very long time. Eurotrader is an ECN-type broker with offering lots of trading facilities including high leverage, narrow trading spread, flexible margin and high security of funding.

[uncle gober]

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.

[Nilde Lucchese]

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.

 

[maspluto]

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.
 

[Hanan Öberg]

Using high leverage in trading can be risky because it amplifies both potential gains and losses. While it may increase profits, it also magnifies the impact of mistakes, leading to rapid losses. Proper risk management, such as using stop-loss orders and limiting leverage, is crucial to avoid significant financial damage. With LQDFX broker, I have 1:1000 leverage but I stay limited to 1:100 max.

[Zeologic]

Use leverage wisely, even though the broker offers leverage of up to 1:1000, that doesn't mean traders have to choose leverage of 1:1000, because behind the potential for raising profits, it also comes with higher risks. I trade at FXOpen using only 1:500 leverage, and limit trades to prevent over trading.