Disliked{quote} Actually he is right, what matters is what percentage of your account you risk per trade. Leverage is good if used correctly.. Obviously if you open 5 lot with high leverage with a small account, you are a goner but used correctly is very useful, if you got low balance leverage is a necessity... If you have 1.000$ some degree of leverage is necessary. If you have 10K then low leverage is okay.Ignored
Few years ago, I closed a 7 full lot trade 100:1 leverage one minute after Asia Close, because spread went beyond my imagination. The pa moved more than 700 pips in my direction in next few weeks and over 100 pips in a couple of hours after I closed the trade .................. and that was not a demo account
The Thief of Wall Street