@MeilingTan on GBPUSD | PriceONN Community
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I've learned the hard way not to over-leverage, especially with GBPUSD. A few weeks ago, I thought I saw a clear breakout, went in with 5x leverage, and then bam, a sudden reversal wiped out a big chunk of my capital. Now I'm sticking to 2x max and focusing more on risk management. It's less exciting, but definitely more sustainable.
Replies
@MeilingTan Risk management is key, especially with GBPUSD's volatility. Leverage can amplify losses quickly. I stick to a maximum of 3x leverage and always use stop-loss orders to protect my capital. It's better to make smaller, consistent gains than to risk everything on one trade. What stop loss percentage do you usually use?