you must be ready to understand that a newbie trader that learnt forex trading using a 1:1000 leverage in his or her demo trading must be able to get used to such leverage when he or she moves into real live trading.
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I cannot understand why some people using 1:1000$ leverage while your account become more risky due to this. Look in a cents account you buy .1 lot for 17 cents capital and as 10 pips is spread you enter into 10 cents loss .. now if prices move down 7 pips your account get burst and if prices move up by 10 pips you dont earn and it is from 11th pip onlward that you start earning.
1:1000 leverage is really worth using as it enhances the trading capacity of the traders and a trader can trade properly and make more money
Use this lever for quick profit and you are sincere in serious it is therefore necessary Tak caution when opening jurisprudence and do not forget to close the deal at this loss is a duty and should not venture much
Its up to your strategy, not less then that, you will definitely be able to achieve success because forex needs time and denseness and observation which you can give it easily if you are giving your best, in my opinion forex required little bit of luck too because market is volatile.
I think trading with leverage 1:1000 is very risky, but for traders who have little capital and want to maximize their capital for trading I think is the best option use the leverage 1:1000. unless you are using a large capital leverage 1:1000 highly not recommended
i think that the 1:1000 leverage is really very high leverage which gives the trader the opportunity to hold the position in too much of floating loss. Higher leverage means more free margin. But we should take the advantage of this high leverage to use very big lot size which is not in accordance with out account capital, then this leverage is usefuly...
I think of leverage as it deserves to be used, because it just depends leverage psychology, psychology if we are good, then leverage as it would be good for our thoughts, never tried to leverage it if you have a bad mindset,