Thread: Any legit 1000:1 plus leverage brokers?

Originally Posted by ;

quote Recommended from a long lasting active member. Several fantastic review around the net from users with big post counts. Bonuses seem sensible if that's your thing). Over all TW seems to be legit or legit to test run performance. My only criticism is that they do not offer deposits.

If you want paypal, go with FXGlory, they offer 3000:1 leverage and paypal. I acknowledge their service was rather poor when I had been hoping to shut my account together.

Originally Posted by ;

1000? Crazy. Definitely too much risk.

LOL, never wished to use the mad leverage but suspect some do choose to go all the way..just the notion of risk related to high end leverage is sufficient to make me stick with the minimal range. .

High leverage is only risky if you don't know the consequences.

If you place a transaction, the leverage determines how much of your own money is set into the brokers black box that you can't touch whilst the transaction(s) are open.

High leverage = you're only putting a very small percent of your money inside that black box every trade so you are able to place a lot more trades using a larger lot dimensions.

Low leverage = a greater percent of your cash is put into the brokers black box so that you're limited to how many trades you can place.

So there is nothing wrong with 1000 leverage if you don't go mad and over-trade or utilize lot sizes outside of your account dimensions risk.

Brokers like to offer substantial leverage to temp the itchy palms and people trading on tilt, it is a quick way to lose your cash, but there is no harm in putting 20 trades utilizing 0.01 using a #500 account by way of instance, if you use a 100 pipette stop reduction; it permits exposure to the market and also to increase your punts. A few of those small risk entries can turn into beasts resisting the temptation to shut them too premature and given time.

So in above example, if you got stopped out on all those 20 trades = 20 x 100 pipettes = 2,000 pipette reduction. Let's say the pip-to-pound worth is65%, then that's #13 reduction which is 2.6% risk on a #500 account. But a couple weeks trend, if one of those trades survived, then it would more than pay for the reduction of another nineteen losses.

Overview - shotgun the charts using leverage as your friend.

Originally Posted by ;

quote LOL never wished to use the mad leverage but guess some do prefer to go all of the way..just that the thought of risk related to high end leverage is sufficient to make me stick with the low range. .

This is more of a test of my abilities than anything else. Of course it would be great to generate a lot of money doing so but that isn't the purpose. At least not yet. I'd love to find out I can predict price moves. Under the strain of risking 50 percent of an account on one trade. For instance if a setup happens close to bottom or the top of that word high/low can I predict a change before it happens and with what accuracy? To start with attempt and shoot for within 20 pips. Then if all goes well at 20 if desired drop down to 10. It wouldn't take vary many 20 to 50 pip trades to make a good chunk of money with high leverage and a little deposit of just $200. The ultimate aim is to predict price moves withing 10-30 pips of a high/low then utilize maximum leverage offered to maximize profits. Honestly though most people certainly would be happy to profit using a 20-40 pip stop.

Originally Posted by ;

quote if you need paypal, go with FXGlory, they offer 3000:1 leverage and paypal. I admit their service was bad when I was hoping to close out my account with them.

Tons of terrible reviews on fxglory. 3000:1 is tempting.

exness

LOOL,

I am completely certain this is IMPOSSIBLE for broker to supply 1:1000 leverage and to hedge your own trades. It is just not possible.
So, be aware that if you'll earn reasonable quantity of profit, you can get issues during withdrawal. These aren't news
read across the internet, thousands of such incidents.

Originally Posted by ;

quote Tons of bad reviews on fxglory. 3000:1 is tempting.

I really did use FXGlory and had no issues with them. It was a little account. However, I about my account, took my money out, and ran. If you're seeking to exchange with a small account and large risks (why else would you want such a high leverage?) , you can give them a go. But I wouldn't advise with an unregulated broker when you've got a large account.

Originally Posted by ;

quote That is more of a test of my skills than anything else. Of course it'd be good to generate a lot of money doing so but that is not the purpose. At least not yet. I'd like to find out how well I can predict price moves. Under the strain of risking 50% of an account on one trade. For .... ential profits. Frankly though most people would be delighted to profit with a 20-40 pip stop.

Yeah, we have been there and done that, generally when we simply begin trading, which frequently leads to a complete wipe out (it took me all 7 hrs to wipe my $800 account). But since then, pref what goes for that today or the option. I may provide the crazies a try but with a little $, the month, prob later down. It is tempting to provide the 1:1000 a try, that's a given. .

Originally Posted by ;

quote Yeah, we've got been there and done that, generally if we simply begin trading, which often contributes to a total wipe out (it took me all of 7 hrs to wipe my $800 account). But since that time, pref that which goes for that today or the secure option. I may give the crazies a try but with a small $, prob down the month. It's tempting to give the. .

I hear ya brother. My very first trading encounter was trading off the tick chart @ Fx Solutions which had been the American side of Etoro (out of business). Overall newbie did not even know about babypips or what service and resistance has been LOL. The fist commerce went great leveraged into the gills and a bit of intervention I somehow pulled at 200 bucks outa the market. The next day yet was my change first margin call . (This was about 5 or 6 years back) lt;- This experience is exactly what drove me to learn more about the markets, to suddy those who have been successful over the years, to buy/read every publiion possible ect. It's been a lengthy yet enjoyable journey and will be for years to come.

Many men and women tend to prefer low risk situations and for those types I'd suggest (for any newbie reading this thread) a regular broker or as you stated test these high leverage brokers with a tiny sum of money like $25 or $50. Most significant though demo trade or small account live commerce whatever egy you use to get a real life understanding of just how well (or not so) it does.