Im still new in forex,in fact for the time being im still testing with demo account for 6 months now, and i think i wanna give it a go with $500 on live account. the thing that keep bothering me is the leverage. My forex broker offering leverage between 1:100, 1:200, 1:400, 1:500. So which leverage is best for me? yeah i know how to calc the leverage, but some people saying high leverage is better to account that dont have a large amount,while some say no. confused..

The more leverage you have, the more money you can make.Also, the more leverage you have, the faster/more you can lose.It's up to you.

Since leverage allows you to use OPM (Other Peoples Money) then a high leverage places you in a riskier position. Although you are risking $500 you are also risking $24,500 at the 1:500. This puts you in a great position IF price goes up, but a worse position IF price goes down. So based on your trial success....have you done well? If so, purhaps the high rist would be good. However, when you jump in for real, things seem to be a little different. So depending on how much you can afford to lose...go high leverage...if you can't afford to lose it....go low leverage...either way you hopefully will get a gain, but minimize risk with lower leverage. Then once you have got your feet a little wetter...move up to the higher leverage and risk.Good luck in your quest for risk. However, I think ONLY YOU can ultimately make that decision based on your experience. The advice you get here will only be as good as your interpretation of it.