Leverage is useful or not ?

Leverage plays a vital role in determining your risk factor because you can increase and decrease your trading lot size depending on leverage. But, bear one thing in mind that the higher the leverage is, the higher the risk as well as the return is. But, I prefer using small lot in trading.

Leverage is neither inherently good nor bad. Leverage amplifies the good or bad effects of the income generation and productivity of the assets in which we invest.
Be aware of the potential impact of leverage inherent in your investments, both positive and negative, and the volatility therein.
Analyze the potential changes in the costs of leverage of your investments, in particular an eventual increase in interest rates.
Invest in top- and bottom-line growth, not just in increasing asset prices.
Invest in productivity enhancement broadly; in other words, invest in creating economic well-being to satisfy human needs.

It is useful when you dont have sufficient funds in your account and you want to open a trade that you think might have a sure shot positive return. But always apply SL and TP.

Leverage can be proven useful if you know how to take them with a right approach, else you are going to wipe your account out.

when you have good trading plan , any kind of leverage can be better for trading . so should make a perfect money management.

it's a double edged sword...

as long as you have worked our your position size correctly and have a stop loss in place, leverage wont hurt you

Leverage giving advantages and disadvantages, the main advantage of using leverage is traders can open a trade using the smallest margin requirement, so possible start trading using low budget trading, but the risk using high leverage is when traders cant control decisions and take high-risk trading, called greedy, this is leverage act like disastrous for account trading, usually margin call quickly occurs.

Levearage can be useful for traders who want to trade with more capital but lack the funds.

There is risk in using leverage, but it also depends on the leverage size, whether it is higher or lower.

Choosing the correct level of leverage is crucial for traders to manage risk because it can magnify both gains and losses.And I prefer leverage below 30x.

Leverage chosen wisely can be advantageous to the traders.

Leverage in trading is a mechanism that allows traders to increase their market exposure by paying less than the full amount of the investment. A trader can trade larger positions in a currency by borrowing money from a broker. As a result, leverage magnifies the returns from favorable changes in the exchange rate of a currency.

The traders who know how to trade with balance of leverage magnify their gains and in turn it works out to be useful for them but if you’re a beginner then limit the leverage as If your trade moves in the opposite direction, leverage will amplify your potential losses.

Leverage can be really useful in forex trading, as it allows traders to trade with more money than they have in their account. But yeah, it also carries a risk, as if the market moves against the trader's position they can lose more money than they have in their account.

True! Leverage can be a total disaster if the trader does not know what he is doing.

Leverage itself is neither good nor bad. Leverage amplifies the income and productivity positive or negative effects of the assets we invest in. Be aware of the potential effects (both positive and negative) of leverage inherent in your investments and the volatility that comes with it.

Greed and emotion are such two qualities that make a trader suffer in the long run. These qualities drive a trader towards trading success.

Of course with leverage traders can start trading with the smallest margin requirement, without leverage traders need to pay an amount of contract size to buy currency, let's say one lot size contract size 100k USD, hence traders need to pay 100k USD to buy one lot size, with leverage trader need to pay less than that.

One of the issues that disturb a trader much is small capital because many traders think earning from small capital is never possible.