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I disagree with not using a high leverage. A lot of people have limited funds say around $1000 or less to start trading.
With a 400-1 leverage it would take $25.00 to purchase aprox. 10000 units making each pip worth $1.00 leaving $975.00 or a 975 pip loss to be stopped out.
Unless your totally brain dead it is unlikely that anyone will lose all there money on there first trade.
Versus the same $1000 with 20-1 leverage which would take $500 to purchase 10000 units allowing you to lose 500 pips or $500 to be stopped out.
Am i missing something on these figures?
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