I never trader on lower than 1 : 100 leverage. Its good for me and suits me as well. But from the day I am on insta broker I always trade with 1 : 1000 leverage. When we have the chance of using such high leverage then why not use it.
Up until now, my leverage is still 1:100. I am not planning to increase or decreased it because i already feel comfort with that. Increasing the leverage would increased the profit and the risk. Decreasing the leverage would decreased the profit but decreasing the risk too. Which means every changes of leverages would makes a psychological changes too.
it is true what you said my brother a simple advises all you have to learn what you can, you can make a planing time to properly organize what you read and you can see the tutorial on this subject and you can do the difference between what you say and you will do your business with total security.
leverage is using to set the margin and it depends to the situation and if the trader have a little capital in their balance then they can set the leverage with 1 : 500 or 1 : 1000 to get the larger margin and then they can make open position with comfortable but always remeber to set the lots size with wise and do not think to get money with fast, take a safe way is better
do the best we can