Please take a look around, and feel free to .
yes 1:100 is the best leverage to be used because its going to enrich the trader knowledge and protect him also from unexpected risk reward so its very important to chose small amount of leverage just to trade with this will give the trader confident whenever he trade and bring about perfection
before making an approach to chose a leverage I think that the traders must be sure that they have good practice with such leverage in their demo account when you practice how to use a specific leverage in demo account then applying it in the real trading account make everything simple in this market of forex trading and you get what you want at the right time thus ensuring more secure and smoth tradeThe best leverage is depend on your fund invested in a broker.
You must take practice first with them..
All forex broker sites that I joined do have leverage range from 1:50 to 1:1000. Its up to us to choose what leverage we want to use. But what the use of using a higher leverage like 1:1000 if you going to get MC right away?1:100 is still small leverage guys..
Let's join in micro account of liteforex broker, they give us huge leverage 1:1000
Its great leverage and this broker also very fair..
I have one account that is 1:50 in oanda and 1:500 in FBS. In oanda that's the biggest I can use in term of leverage. In FBS that's the smallest leverage I can use. Its really frustrating that I can only use 1:50 maximum and same time its frustrating that I can only use 1:500 leverage minimum in FBS. I have standard account in FBS.It is good to do things in moderation. Since using 1:50 wouldn't be that convincing when you make profit, then it is best if we use between 1:100-1:200. I even think that going for 1:500 is rather high on his own if the trader can't handle his account that well. It makes a mess of the whole thing after all.