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Leverage isn’t a bad thing

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12 hours ago, FXOpen Trader said:

We need to use a trading strategy that is easy to understand and will start giving us the required amounts of profits on time.

Right after we conclude a profitable trading strategy we still have to back test it before implementing it live and when applying on the live trading we should better wait for the confirmations to get into any trades.

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On 4/1/2021 at 6:32 AM, ThomasFernandez said:

Using leverage is not a bad option if you know the risks and use money management skills to avoid major losses. Leverages also have their advantages, and disadvantages like using higher leverage can bring higher loss or profit.

It becomes a problem when it's too much, because the higher the leverage the higher the risk of losing it all when the market goes against you.

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Leverage is not as bad as it seems, but it does have certain risks involved in it. Using higher leverage without a good plan or strategy can lead to major losses.

Whereas with a good strategy and plan, it is possible to gain double the profits of the invested capital.

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