How much leverage should newbies use?

[Charles Agustin]

Leverage is a controversial topic to newbies all the time. According to my understanding, newbies shouldn’t use more than 1:100 leverage. What do you think of it?

 

[mellomations]

Yes only 1to100 for now till you have a better understanding of how you trade. I recommend learning as much as possible on risk management. What's your trading style

 

[DoubleM]

i think that a newbie should not use more thank 30, in many states the maximum leverage allowed is 30

 

[JohanDM]

i think that a newbie should not use more thank 30, in many states the maximum leverage allowed is 30

Definitely only 50 max 100

 

[johnplayer]

Leverage is a two end sword so it is better to use low leverage in the beginning. In addition you must understands the concept of leverage, equity margin level etc to avoid liquidation. Also note if you don't use leverage, your account will never liquidate

 

[Fin_Trader]

If a beginner does not yet know how to trade, then he should not choose high leverage. He will have many unprofitable trades and just a small leverage will not allow him to quickly lose his deposit. Therefore, it is better to trade with a leverage of 1:100 or less. Then, as you gain experience and increase the number of profitable trades, your leverage can be increased, but you still need to trade according to the rules of money management.