What's the best leverage for beginners?

fibo_trader

Senior member
2,884 58
Most stuff I seen from Elliot Waves is a result of hindsight analysis. This is the problem with all technical strategies, but well they provide good context to interpret imbalances in buying and selling pressures. Much of the uncertainty remains.

Then the next time you're at the beach in Hawaii or South Africa or any other beach that has large ocean waves, sit on the sand, get comfortable, have a writing pad and pen. Then count the waves as they come in. Note which is largest per sequence. Then go home and put them on a graph.

Then go speak to specialist doctors and ask them about Brain waves and Blood flow waves and if they've noticed that these waves are in a 5-3 pattern. Most likely none of these doctors trade the market, at best they're investors.

Then I might also remind you that the Systolic/Diastolic blood pressure reading on me and thee and every cat anywhere, black, white, yellow, brown shows the same 5-3 pattern

Calling these Waves "Elliott" is where the problem begins because he is just a fellow who first observed their presence and their application by a ton of poor market timers has given the whole subject a bad rap and whatnot. The waves belong to Nature and in today's world of the bad reputation for Elliott wave counting, its best to just call them Waves, which is just what they are. They belong to nobody.

Q.E.D.
 

hatemypips

Established member
501 36
Then the next time you're at the beach in Hawaii or South Africa or any other beach that has large ocean waves, sit on the sand, get comfortable, have a writing pad and pen. Then count the waves as they come in. Note which is largest per sequence. Then go home and put them on a graph.

Then go speak to specialist doctors and ask them about Brain waves and Blood flow waves and if they've noticed that these waves are in a 5-3 pattern. Most likely none of these doctors trade the market, at best they're investors.

Then I might also remind you that the Systolic/Diastolic blood pressure reading on me and thee and every cat anywhere, black, white, yellow, brown shows the same 5-3 pattern

Calling these Waves "Elliott" is where the problem begins because he is just a fellow who first observed their presence and their application by a ton of poor market timers has given the whole subject a bad rap and whatnot. The waves belong to Nature and in today's world of the bad reputation for Elliott wave counting, its best to just call them Waves, which is just what they are. They belong to nobody.

Q.E.D.
Same can be said about sinusoid pattern. We observe it in electrocardiogram, it has wide application in physics and in markets too (market waves roughly form a sinusoid). But is it predictive enough?
 

fibo_trader

Senior member
2,884 58
Same can be said about sinusoid pattern. We observe it in electrocardiogram, it has wide application in physics and in markets too (market waves roughly form a sinusoid). But is it predictive enough?
You will see for yourself how predictive the waves are when you sign-up to show your trading records at a meetup in London. I would like to see 30 cats show up but thus far there is only one fella willing. Bring oxygen with you as there will be a whole lotta fainting going on

 

Sharim

Junior member
17 2
Leverge is tricky instrument that can both help you and significantly harm you. I personally know some traders, that use high leverages to scalp and make big money. But If you're new to the market, then you are much more likely to make a mistake and lost everything, than win a jackpot. Even 1:100 leverage may turn your balance to zero in the couple of minutes, so the best leverage for beginners is 1:10 and only when you feel that you are ready to take a risk, you can move up to higher leverages, such as 1:35 or 1:50. But If you decide to take a risk, than you may find a broker with balance protection. This mean, that with high leverage (called in these cases multiplier) you will risk only the deal funds, not the total account deposit.
 

fibo_trader

Senior member
2,884 58
Leverge is tricky instrument that can both help you and significantly harm you. I personally know some traders, that use high leverages to scalp and make big money. But If you're new to the market, then you are much more likely to make a mistake and lost everything, than win a jackpot. Even 1:100 leverage may turn your balance to zero in the couple of minutes, so the best leverage for beginners is 1:10 and only when you feel that you are ready to take a risk, you can move up to higher leverages, such as 1:35 or 1:50. But If you decide to take a risk, than you may find a broker with balance protection. This mean, that with high leverage (called in these cases multiplier) you will risk only the deal funds, not the total account deposit.

Some brokers let you go 400:1. I would request 1000:1. If DEATH is aimed at why not go all out and nail it to the cross?
 

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