Playing with High Leverage

Firstly, nobody should be trading with a $100 account, as explained here -

Secondly, no retail forex trader should ever use leverage of more than 1:30 (or 1:50 in America) because if their broker offers higher leverage than that, it proves that their account isn’t properly regulated.

These posts explain why, in more detail -

The two important things to understand are -

  1. lack of high leverage ISN’T the reason for anyone’s failure to trade profitably (though unfortunately thousands of unprofitable traders like to imagine, very wrongly, that that’s what holding them back)

  2. the purpose of trading with a very small account (the generally accepted sensible minimum is $250 to trade 0.01 lots, one microlot - though some people say $300) is to gain experience, not to make money. Very, very few retail forex traders ever get as far as making 5% per month, and that would be $12.50 per month with a $250 account

These two realities can’t be changed by using higher leverage: that adds risk, not income.

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