What is Leverage ?

This is the one characteristic that makes ‘FOREX’ trading so appealing trading more money than you have in your account. It’s of course a double sword and creates risk. The bulk traders fail at ‘FOREX’ trading
because the over leverage their positions. For example, for every
$1,000 you have, you can trade 1 lot of $100,000. So if you have $7,000
they may allow you to trade up to $700,000 of forex. Leverage to deal with it you need to enter & exit at optimum.