Using Leverage as a Trader is Dangerous

[alldayshortz-sp]

as a beginner, leverage is gonna blow up your account faster but it will also make you learn faster (make you more agile with your entries, which is key to massive gains in the future)

[FLOWOFFICIAL]

100% agree! When I started I lost a lot. Now I been focused on stocks and spot trading.
Leverage I do it now but not on margin. I would trade a stock that goes x2 or 3x.. One example is barrick gold, and gold price movements. It's like trading gold with leverage without the liquidation. But I swin trade. So I have higher risk tolerance and patience .

[MyDreamAfghanistan]

You’re right. Thanks for your honesty and great videos

[KaneLouis]

💯 leverage blew me up few times and knocked confidence

[PaulGodson]

The only honest trader I've seen on youtube, that has spoken the truth about leverage.
Leverage is the number one reason most traders fail today, this prevents them from learning how the market work. Most new traders believe they can flip small account size into thousands or millions, by using leverage 😂, it's nothing but mirage.
Your strategy is not the problem but leverage.
Stay away from leverage, focus on higher time frame, like the weekly for the overall trendand the daily move for immediate direction, check the direction of the close daily to make sure the trend is intact, hold the trade as long as the daily candle is closing higer each day that goes by until it says otherwise.
keep your losses low by getting out of a trade that's not working out.
I see no reason why you won't be able to grow your account .

[muhammadsikandarhayat]

That’s cap! Lev. don’t matter if you have a risk managed quantity. You can use 100x but lose only 1% on a trade if that’s what ur pre-specified risk was!

[jle]

You can conversely use leverage to reduce risk based on an unleveraged position sizing

[sabarigopi]

2y and 7months into trading. Have made all sorts of mistakes but never touched leverage because of what he said. If you're not making profits for at least 6 months straight then by taking leverage what are you trying to increase? Losses, that's the only answer.

[imtiyas]

It's the most valuable advice i've ever heard. Thank you umar.

[LeadingWrenLovely]

This is awesome, this is all the right rules that we should all be following. Thanks Umar :)

[benhoughton]

Leverage isn't the problem its peoples risk management that is, new guys should risk 1% to hopefully gain 2%, small losses vs bigger wins

[demclashers]

That’s why I say to myself every day am here to learn and I just have get better with my strategy and build my small portfolio and keep following my 1 contact size until I get 3 months of consistent

[TradersEdge]

You cant tell me not to use leverage in forex, especially for day traders - it moves like 0.5% a day

[Spotter-zidl]

For Small accounts leverage is must i.e less than $50

[malusimathaba]

Who are you to tell me what to do with my Money😂😂

[armaang]

How does leverage matter at all if you're only risking 0.5-1.5% of your account per trade? I really don't understand how experts can say this ...

[shunae]

It may not be a popular opinion, but browsing YouTube on topics about leverage, I honestly feel like the advise about not using leverage is the real trap that big whales liked you to fear.

Anyway, leverage has been my friend. And I believe the earlier you learn, the better

[louismorgan]

Don't agrer with that statement. Everybody has to go through a learning process of doing what they do, whether that be jumping straight into the markets or doing the demo

[davy]

as a long term forex trader who has been given access to the UK legal maximum of 1:30 since day one. even my successful trades in the early days barerly exceeded 2% of my account. i would shudder to think how demotivating it would be if those same profits were 30x less

[manjunaths]

Because of leverage many experts are making money because at the end of the day market is zero sum game and 9 out of 10 people are losing money as per zerodha aler message these losses are translating to profit for the winners. If every body is successful trader who is not willing to loose money nobody!!! Right. It is double edge sword it all matters how holding hand is using it . But i am your fan sir.