Leverage is not so important. There are other factors like analysis-fundamental,technical,sentimental, psychological factors, discipline and a lot more. But leverage is critical.
you just have to find what suits you. Most brokers give it upto 888 or 1000. but most manual traders use 200,300 or 400. while most ea account use 500. so you must find yours. Internet says the safe one is 20 or 50, but that is almost equal to zero risk zero profit. you have to get above it.
Leverage is very important to make money from a little investment. If you are new in this market, you need to have proper knowledge about leverage before using it. High leverage means taking high risks.
Leverage is very detrimental to low investment. Your account is always protected when the leverage is low. It is very important to keep low leverage to follow money management and risk management. According to the trading plan, it is possible to make a consistent profit by working with low 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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.