I currently trade using 500:1 leverage though the risk involved is higher, the profit earned is also higher, and to deal with losses, I have certain money management skills.
Leverage depends on the investment. Because if I pay less leverage, I will not be able to enter the trade. So I always support selecting low leverage with high investment for trading.
psague posted: I used 1:500 leverage since i am using an EA software.
Well, leverage depends on the investment. If the investment is high, 1:50 leverage should be used. And if the investment is low, then 1: 500 leverage should be used.