You are viewing a single comment's thread from:
RE: How to Forex - A beginners guide to Forex Trading - Part 1: An Introduction to Forex
Good input profitgenerator. I've briefly mentioned this in the risks section above. I will be going into leverage more thoroughly further into the series. Personally, I use 500:1 leverage with my scalping technique but I don't risk more than 1% on my total equity. I wont mention much more as I don't want people taking this as advice before the series is complete. Again good input. Thanks.
Yes for a properly managed capital its no problem if you calculate your risks well, but I am talking about newbies that put all their balance at risk with 400-500 leverage, that is the real foolish thing to do.
Indeed. I will be covering this in the next part of this series when talking about brokers and account types. I intend to make it very clear for newbies. I wouldn't want anyone o blow their account because I had not explained the risks well enough.