Forex Trading For Beginners

Forex Leverage Explained For Beginners & Everyone Else!

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Forex Leverage Explained For Beginners & Everyone Else!
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In this Forex trading vlog, I discuss a question I frequently on the ideal Forex leverage to use. Vlog #236.

Many people get interested by Forex trading when they hear the word “leverage”. Leverage is marketed by some brokers as a way for traders to make money.

I don’t see it that way…

I see leverage as a tool that’s allowing me to execute my trading plan properly.

So what’s the ideal leverage for Forex beginners?

It’s going to be a specific answer for every trader. In short, you must understand what leverage allows you to do as a trader and to what extent you need it.

If you take a single trade in a year, chances are you don’t even need leverage.

However, as a day trader or swing trader, you’ll often be in a situation where you need to enter multiple trades. Increasing the leverage in your account will reduce the margin requirements (what you need in your account to enter a trade).

You can compute the margin requirement for a specific position with the Forex Margin Calculator provided by Oanda: https://www.oanda.com/forex-trading/analysis/margin-calculator

Now, ask yourself how many trades you’ve taken at the same time. Ensure that the leverage setting in your account will allow you to take that number of trades at the same time.

If so, you’re good to go! The issue of the ideal leverage for Forex beginners is fixed!

Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj

// Music

Welcome to Epidemic Sound

// About Me
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

What you must know: I’m all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer.

I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

// You Might Also Like…
This Guy Tells You Exactly How To Trade Forex Full-Time And Make A Living! – https://www.youtube.com/watch?v=P6H6VHP5fX0
I Met Up With A Professional Trader Today (Invaluable Advice)! – https://www.youtube.com/watch?v=svkcsO2vzys
How To Create Your Forex Trading Strategy & Make It Profitable… As I Explore West Lake In Hangzhou – https://www.youtube.com/watch?v=Zb5X7k2JanY
Complete Trading Strategy With The Engulfing Pattern – Price Action – https://www.youtube.com/watch?v=WqTrn92CFBw

// All Products Used In This Video
Sony a5000: http://amzn.to/2sbMO11
Joby GorillaPod: http://amzn.to/2r0xqQo
Editing software: Final Cut Pro (Mac)

AFFILIATE LINKS
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).

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