1:1000 is the best measure of leverage that we can use in Forex trading because of the leverage we can do a trade with a limited amount of capital, and also we can arrange capital we use the existing lot size so that we can avoid the risk that we will take the trade
I think leverage is the most important tool in Forex and should be used extremely judiciously. Leverage has direct impact on our profits and also on the risk associated with our trades.High leverage can not only means high profits but also increase the risk. I usually lose high leverage when scalping and to manage the risk I keep the deposit low.