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Leverage give traders ability to buy contract size with using margin only, common trading activity usually using no leverage, trading in forex market have to buy currencies in lot size, standard for 1 lot is 100,000 so if no leverage used than only big boys with huge money can trade forex@OscarShumack I don’t think that beginners should use high leverage, instead they should focus on learning and understanding trading.
Yes due to high leverage, forex is a very risky financial market. A person needs good skills, knowledge, and experience to make money in forex.Many people think that over-leverage is likely to produce very good or very bad results. However, it only increases the risk of very bad results.
Knowledge is the primary need for trading. Then you need to know the effective way to use your knowledge. As proverb says, Knowledge becomes weapon when applied effectively.Yes due to high leverage, forex is a very risky financial market. A person needs good skills, knowledge, and experience to make money in forex.