Hi guys and gals,
I was wondering if you could share your thoughts on what leverage you prefer? I got started in Forex in 2007 using a system that profited on swap (boring) with a 400:1 leverage. But at least it introduced me to forex which has been my drug of choice for the last 2 years. My leverage has stayed at 400:1 on my account since. I don't place trades without stop loss and take profits and have done fine. What are the drawbacks or benefits of this? I use IBFX but read on Oanda that "professionals" never use over 50:1 leverage. I hope this is not a repeat thread but searched and could not find one similar.