In
FX, there are a few ways to use leverage as a tool to maximize your trading.
First and foremost, here are a few pieces of advice.
1. The all of the best traders have lots of losing trades. There is just no way to be right all the time. Your going to lose money on trades, your going to make money on trades. The key is to have a 50% record or better, and when I say better anything in the 50-65% area is great!
2. Risk reward trading is the focus. How many points do you risk verse how many you target to make. Anything less than 1.5 to 1 will result in a low chance of making money.
3. Leveraging allows you to take less capital into a trade, but it shouldn't be used as a way to take 5-10 k and to be trading 250,000 utilizing the 50-1 leverage. Having said that there are times where you can leverage your position to the max without risking your initial capital. I can explain this to you, but first.
What you should do is this.
Talk to me, tell me how much money you have to trade. And I will tell you exactly how much your position sizes should be and how to use leveraging to maximize your returns.