Please what leverage is advisable to use for a $30 account
how much, do you want to earn from this account?
It’s not about how much I want to earn… I would continue to add to the capital
I just need to know what leverage is preferably OK with a $30 account because thats how much I’m able to deposit right now
I think 1:50 is the best option.
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try to find broker with cent account, 30 usd with micro lot give you 300 pips max DD ( exclude margin on EUR/USD)
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This is fbs broker tho, they seem good tho
Which of the leverage should I choose?
Plus what other brokers who are good and have low spreads do you suggest please🙏
did you build a strategy already?
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Yes I have
This are some of my trades currently… Demo account tho
The higher the leverage, the more quickly you will lose your entire funds.
I suggest you first open a demonstration account with any broker and trade with demonstration money.
You should have a written plan of what you intend to do, starting with studying the School of Pipsology by clicking the Education tab at the top of the home page.
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Actually, this investment is much less but you can use 1: 1000 leverage. And cent account should be opened.
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Don’t bother, you’ll be 99% sure of blowing your account, whatever leverage you use - which must be at least 200:1 to avoid being foul of margin requirements. And if you play the cents game you’ll get fed up making peanuts.
Do all your hard work on a demo account first. Ask for a $500 account and low leverage. That’s the minimum amount you’ll need going live as a newbie. What you will learn is protecting your capital all the time and keeping risk exposure low.
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Thanks for the advice everyone, I really appreciate it… But it’s sad that most are not really answering my questions
Ok, according to leverage, higher leverage = lower margin, make space for trading but stick to your plan. Focus on calculating max drawdown this strategy on each currency pairs, then you will know when strategy lost profitability. Regards Greg
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The better the investment, the lower the leverage. In this way, risk can be managed. For example, I trade with 1: 100 leverage. Leverage of 1: 1000 or 1: 2000 is required for $ 30.
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Thank you so much kathlyn
the leverage its different between each of the market instruments you trading on
if you at the FX its can be 1:500
Crypto 1:30
Indics 1:200
its depend on the broker you using at
you can check my profile and join our community to help to get more education on daily
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very nice results , do you use signals in order to trade or you do the technical by yourself ?
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