What is high leverage?
In my opinion, anything above 1:10 is extremely high leverage. Look at other instruments, you are rarely able to trade them with more than 1:5 leverage.
FX is unique in this sense because the leverage offers tremendous intra-day opportunities. It turns small moves in % terms into large profits. But there is no escaping the volatility/choppiness of the market. Still, it is immensely profitable as long as we do not shoot ourselves in our own foot.
It's really simple, just enter with the major/minor trend at a good price and let the volatility play itself out.
In my opinion, anything above 1:10 is extremely high leverage. Look at other instruments, you are rarely able to trade them with more than 1:5 leverage.
FX is unique in this sense because the leverage offers tremendous intra-day opportunities. It turns small moves in % terms into large profits. But there is no escaping the volatility/choppiness of the market. Still, it is immensely profitable as long as we do not shoot ourselves in our own foot.
It's really simple, just enter with the major/minor trend at a good price and let the volatility play itself out.
Build good relationships with others.