No doubt high leverage give the high profit but also huge loss too. Excessive leverage is cause the reason of loss as there are large number of newbies are failing due to this, they set the high leverage and lost their whole capital, they set the high leverage due to ignorance.
I must say that all the newbies should set the low leverage as small leverage is better and they can earn good amount, so all the newbies should avoid this mistake in order to get the fruitful results.