Is high leverage really bad for traders?

It is VERY BAD for traders who doesn't know what they are doing especially the new traders and impulsive traders.

Yes, it's really bad for impulsive traders who can't control themselves. But for those who can it's good coz high leverage reduces margin)

Hmmm.. I understand that position size determines your true leverage and not the maximum leverage of your broker...

But if you have two accounts and on both of them 1 lot was opened, which account will be margin called more quickly? The account with a maximum leverage of 1:1 or the one with a maximum leverage of 10:1?

I did not understand you like that
Maybe because I have not learned English well yet
But the best solution to this problem is risk management
For example, risk 1% of your total capital for each trade
The risk management system tells you what leverage to use

The approach of using leverage is different from trader to trader. Traders mostly prefer high leverage in trading and I know high leverage brings out high profit but it is risky too. So, I want traders to take small lot in trading so that they can be benefited. But traders should be cautious about selecting leverage.

The leverage is a double-edged sword and requires a skilled swordsman to use it.

I like trading at 1:500, I think it is the best leverage if you can ask for bonus funds and invest over $500 in a trade.

For short term strategies it is better to choose high leverage.
Unfortunately, most brokers are not able to provide it.

I find it useful because leverage increases the trading margin. When you trade with the capital higher than you deposit it makes profit accordingly, even a small fluctuation in price could increase profit.

Yeah, don't go past 1:50, it sets you up to have to do a lot of compromises otherwise. Capital at risk, margin, drawdown, money management.

A high leverage ratio lowers the margin. Therefore, it would be a useful action for those who know their job. However, for investors who do not know how to trade yet, it would be good to do research beforehand.

For me, the best leverage is 1:500.
Unfortunately, not all brokers can provide this opportunity.

I have to be very careful with higher leverage, as that expression of a double edged sword stands true. Just because you can win more on that particular trade, you can also lose a lot more too. Keeping emotions in check is already difficult enough and I think this applies across the board to many novice traders like myself.

Leverage should only be used by traders when they have a clear advantage. It is possible to estimate the potential loss of capital once the risk is assessed in terms of the number of pips. High leverage should be avoided however according to me.

Mostly gamblers using the high trading leverage, Forex is all about mindset so when you are using high leverage for quick money, you are trading actually!

I am definitely of the view that leverage doesn't really make much difference. It is more about how much you risk in terms of the equity in your account. You can take a highly leveraged trade, which doesn't leave you exposed to too much risk. That being said, I think high leverage is typically correlated with position sizes that are too big. Just remember, if you are trading forex, especially using CFDs you are always effectively borrowing when you open up a position no matter the size of the available equity or margin in your account.

High leverage can be both a blessing and a curse for traders, as it magnifies both gains and losses. To minimize potential losses, traders must understand the risks associated with high leverage and implement proper risk management strategies. Finally, whether or not high leverage is "bad" depends on the trader's experience, risk tolerance, and investment objectives.

High leverage can magnify gains and losses for traders, so risk management strategies are crucial to minimize potential losses. Traders should understand their risk tolerance and investment objectives, use stop-loss orders, maintain a diversified portfolio, and never risk more than they can afford to lose.

High leverage is a double-edged sword that can potentially amplify both gains and losses for traders. While it can enhance the profitability of a trade, it also increases the risk of significant losses. Therefore, whether high leverage is bad or not for traders depends on their individual risk tolerance, trading strategies, and financial goals.
For inexperienced or risk-averse traders, high leverage can be a recipe for disaster. It can lead to overtrading, margin calls, and eventually, blowing up their trading accounts. On the other hand, seasoned traders who understand the market dynamics and have a robust risk management plan can use high leverage to their advantage. They can employ various techniques such as stop-loss orders, position sizing, and diversification to minimize the risks and maximize the rewards.
In conclusion, high leverage is not inherently good or bad for traders. It depends on how well traders understand and manage the risks associated with it. As with any financial instrument, it is essential to conduct proper due diligence, assess one's financial situation, and seek professional advice before using high leverage.

Generally speaking, it’s not so good because it’s more dangerous rather than potentially profitable. Today marketers actively seduce newbies to try extreme leverages.
On the other hand, if you have good trading skills and a big depo, it’s no problem to trade with a very high leverage size.