Never Underestimate the Power of Leverage

Most newcomers are unaware of the potentially disastrous consequences of using leverage on their accounts.

Understanding leverage well enough to know when and when not to utilize it is essential to your success!

Leverage is a tremendously powerful instrument, yet both new and experienced traders utilize it to lose their trading capital simply because they underestimate or disregard its destructive impact.

It's unfortunate, but the more of them there are, the easier it will be for us knowledgeable traders to profit. Regrettably, this is correct.

Always remember what a famous superhero said: “With great power comes great responsibility.”

Or something along those lines. Come on, you've seen that movie, right？

Here's something to think about:

In any case, most forex brokers promote large leverage as a selling advantage.

Yes, they pitch that you can earn a lot of money with a lot of leverage, but you should also be aware that tremendous leverage can easily kill you.

The majority of brokers want you to trade in the short term.

They want you to trade as much as you can, as frequently as you can.

It's their only source of income. They only care about one or two pips.

They make more money on the spread the more you trade.

It is not in their best interests for them to advise you to keep your trades open for more than one day.

Learn to trade profitably without leverage first if you want to offer yourself the best chance of success.

Don't take any chances. Keep your money safe.

When you can regularly make more pips than you lose, only then, and only then, should you utilize leverage as a weapon of mass devastation.

Traders who are on the opposite side of your deal should be destroyed. Don't let yourself down.

Trading forex should be considered a job or a business.

Don't think you can “make a quick buck” or “get rich quick” just because brokers let you to employ high leverage with a minimal minimum deposit. Respect the currency markets by approaching them with caution.

Be realistic in your expectations and open to learn more about the subject.

You will perish if you do not.

Okay, maybe not, but your account will be deactivated.