One thing you should know about leverage is that
The higher ur leverage, the lower the margin requirement for a particular lot size/volume and the higher ur margin level.
Leverage has no effect on your risk. A ten pip loss on 1 lot is the same on 400:1 leverage as it is on 100:1 leverage. However, the reason newbies should use low leverage is to be protected from their own urge to trade a bigger size than they should.
I always advice traders to ensure they keep their equity growing and not account balance.
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