MagnoFx broker
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I don't use the maximum leverage, but i like having it
I actually reduced my leverage after I started trading more seriously, so I don't use the 1:500 maximum just because MagnoFx makes it available. What I like is having the flexibility there if I need it. My position sizing is based on how much I'm prepared to lose, not on how much the broker will let me control. The higher leverage simply means I don't have to use as much margin for a position of a given size, which can be useful when I'm managing several trades.