QUOTE(lyrilmaki @ Aug 22 2016, 08:35 PM)
Hi guys, I am a new learner exploring forex..
Can anyone advice me which leverage should I use on XM?
My trading is 0.01 to 0.05
there's a common misconception about leverage
For leverage, the higher the better. Take the highest the broker can offer (eg 1:500)
But when trading, use the leverage that you feel comfortable with as starter (maybe 1:50)
Easy comparison is leverage = top speed of a car
if possible, get the highest top speed car you can find but that doesn't mean you need to drive at top speed all the time to be safe
hope that make sense
This post has been edited by brotan: Aug 24 2016, 11:17 AM