What is the best leverage level for a beginner on Avatrade?
Asked 5 years ago
Does the leverage change depending on the type of stock I'm intending to trade? How do I trade with leverage? Should I adjust this amount?
Avik Das
Thursday, August 26, 2021
Given AvaTrade's reputation in the market, it is one of the best trading platforms in the market. As a beginner, it is best suitable to go for 1;10 leverage with $10000 amount. Just to let you know, AvaTrade's maximum leverage is 400:1. But right now, it would be better for you to refrain from that leverage as a beginner.
Andrew Moran
Thursday, September 02, 2021
For any trading platform that offers investors leverage, such as Avatrade, it is best to select the lowest possible ratio.
This is important because using leverage to trade could potentially result in astronomical losses if you are on the wrong side of a trade.
So, in the case of Avatrade, it would be wise to go with 1:10 leverage. As time goes by, and you become more comfortable with both trading and leverage, you can increase the ratio.
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