What leverage will you advice a newbie trader to use? Do you think that 1:1000 is too high for inexperienced traders to use. Because i have been adviced against using high leverege. But again i thought if broker have provided it why wont i use it. What do you think.
Basically, market maker brokers offer such a high trading leverage since, their intention is controversial! If you want to stay here for a long time, without big damages; then there is no way more than 1:200 trading leverage! Whatever, I am trading with the 1:100.