Using leverage in account forex trading should to understand, maybe there are trader like to use high leverage like as 1:1000, in my opinion, this leverage only endangers account if you cant control decision trading, basically using such leverage will allow the trader to open bigger lot size and this possible become nightmare for the trader.
FXOday posted: Yes, leverage is important in forex business, without leverage maybe retail trader they cant take part in forex trading because to buy 1 lot need real value contract size $100.000, with leverage trader can trade in small portion even start using 0.01 lot size still okay.
Yes of course, leverage helps a lot in reducing risk. So to maintain the risk, a small leverage should be selected.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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