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William M asked:

I am going to be 18 in a few weeks. My brothers set me up a forex trading practice account a fair while ago now, and I have been playing around with it, trying different ways to make money and what I’ve discovered is that by using 1:100 leverage in each trade is really not a healthy habbit and along with that using the suggested stop-losses and take-profits, all because I’ve been consistently losing money that way. I have, however, been using 1:25 leverage and have been setting stop-losses using all of my trading capitals value and by not being greedy, have been taking in enough profit to get 10% return on my trading capital and so far I’ve discovered, this actually has worked everytime I do this.

What I’d like to know is whats the best amount of leverage I should really be using, and the stop-losses I should I set up to minimise all potential losses and make consistent profits?

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