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Showing posts from August, 2022

How can you change leverage on the MT4 platform?

Leverage is a tool that allows traders to borrow money to trade with larger sums. It's essentially borrowing money from your broker or their liquidity provider to trade with (most likely banks). A trader with 100:1 leverage can trade with 100 times more money than he really possesses. In other words, for every dollar he possesses, he may establish a $100 stake. Leverage may be used for good or harmful, depending on how you choose to use it.   Leverage as a trader may be reduced to 1:20 or even 1:10 if you don't want to incur risks. Some brokers will let you go as high as 1:500 if you're willing to take higher risks and can tolerate bigger losses. Leverage might be as high as 1:200. There is a direct correlation between the amount of leverage you have and the amount of risk you are willing to accept.  Let's now see how we might alter  leverage on MetaTrader 4 .   Changing MetaTrader4's leverage   Account leverage for an existing account cannot be altered ...

Is Trading Forex A Good Idea?

Globally, financial markets are seeing a surge in investment interests across various instruments. The currency market or the global forex market place was once an exclusive trading territory for large-scale investors and corporations. There was no room or access for individual investors until now. As technology advanced, the foreign exchange market, or the forex market opened up to retail investors and made it possible to invest in different currencies to make the most of the movements in exchange rates.    Forex trading is often considered a very lucrative option to increase your passive income as a trader. As tempting as that may appear, at no point does it mean ‘easy money’. Being the biggest and the most liquid market in the world, the forex market can be very engaging. However, a new trader must always remember that trading forex is certainly different from stocks or commodities trading. It’s a market that operates 24 hours five days a week and offers a lot of liquidi...