By and large traders who are particularly newcomers always fall a great loss due to non-sense planning and zero risk management plan, so before trading with high leverage it is more important to know how to manage risk.
Wamski posted: i have an account of 1:1000 using $100, so am i safe.
i also need someone to explain the difference and complication of using high leverage
High leverage has an advantage. It allows you to trade as without leverage with $100 you cant trade at all. Low leverage is by many understood as account protection as with low leverage your loosing trades are liquidated early. For experienced users there are many other tools how to protect your equity despite high leverage.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.