Leverage, a double-edged sword

I hope that you’re aware that this is the most important issue when you decide to trade forex long term or when you already trade and lose the money quickly! Why?

Bigger leverage is, bigger risk is and it’s easier to lose or to ‘burn’ your entire account. If you have laverage of 1:500 or more, you can easily lose your entire account with only one or two trades! How? If you have too big leverage on you’re account, you have the ability to go out in the market with large orders, regardless of what you don’t have a large capital. Read more