There is final but very important fact every trader should memorize:
- If you are ever going to step away from the charts and leave trades open without placing protective stops, take the lowest leverage possible or don't take any at all.'
- The lowest leverage = the highest margin percentage required = risk for margin call increases..
- So it seems logical that with a small account it's best to take biggest leverage , not so much real money to lose , but always be careful not to trade large units or many positions. The real danger imo is not in leverage, but in trading bigger volumes. The lure of fast and big profit.
So my idea, if you step away from the charts and not use protective stops, be sure to be trading as small units as possible (with the highest leverage) or don't trade at all
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