So what do you suggest thenChoosing high leverage can be a good decision when it comes to profit, but it is also a bad decision if you are going to lose the amount, so that's why it is famously known for "Double-Edged Sword" like the previous user said. Make sure you own a sound plan to prepare and you will be good.
I prefer a broker who atleast provide a leverage of 200XWhat is a good amount of leverage to look for?
Mostly I like to trade on max. 1:500 leverage accounts. 1:50 is also good leverage to start with, but never ever go higher than 1:500.What is a good amount of leverage to look for?