Hi! Welcome to the exciting world of trading. Leverage is a powerful tool that amplifies both potential profits and losses. It allows you to control a larger position size with a smaller amount of capital. However, it's crucial to use it wisely to manage risks effectively.
To better understand leverage, check out this comprehensive guide
https://fxci.com/slippage-in-trading-how-to-avoid/. It covers the basics, risks, and strategies to employ when using leverage. Remember, while leverage can enhance gains, it also magnifies losses, so always approach it with caution. Happy trading!
Leverage can be a double-edged sword, but with proper knowledge and risk management, it can be a valuable tool in your trading arsenal.
