Hello,
thank you everyone for your reply. this really helps so it's all about the risk and leverage is more or less arbitrary?
if that is the case you still need to decide what is the appropriate leverage which will allow you to stay in the position and not worry about a margin call.
ex...
hello,
i would like to know what leverage level should i select from my forex broker i have decided to go with dukascopy which offers 1:200.
personally, i think 1:100 seems a lot i would gear myself toward something like 1:15.
any input on this would be greatly appreciated.
Thanks
I am new to trading and want to get started in the forex market. can someone explain what are pips i still dont understand the concept after reading some articles on it.