What's the Best Leverage for $3000 in XAUUSD?
The best leverage for $3000 account is 100:1 leverage. This is the leverage ratio option in gold that is also used by professional traders.
With 100:1 leverage when you open an account with $3000 you will have trading capital of $300000 to open trades with - with 100:1 leverage it means your online broker gives you $100 for every one dollar that you have in your trading account. Therefore, if you have $3000 dollars - $3000*100:1 Leverage is equivalent to $300000 that you can trade with.
In XAUUSD with $3000 dollars you can control $300000 dollars capital to trade with after leverage ratio of 100:1
What's the best leverage for $3000 when xauusd trading? - 100:1 Leverage
What's the best leverage for $3000 when gold trading? - when trading with $3000 you should come up with your money management rules that you will use to manage your trading account capital. These set of xauusd money management guidelines should be written in your plan. If you are a beginner trader wanting to open a $3000 dollar account and you don't know what money management guidelines are, you can use the learn lessons below to learn about what's funds management?
How Do I develop money management rules for trading a $3000 dollars account.
Trading with Leverage
The more leverage you use the more the profit or loss
The less gold trading leverage that you use the lesser the profit or loss
It's hence better to use less leverage to reduce risks involved. The higher the leverage used the higher the risk. This is one of leverage guidelines not to trade with more than 5:1 leverage.
In leverage guidelines: It's always advisable to stay below 10:1 which is still high, most professional money managers use 2:1 ratio in their trading account.
To Learn and Know More about Leverage and Margin - Read the Topics Below:
Leverage & Margin Discussed
