A lot of beginners myself included when I first dabbled in trading tend to focus too much on the charts, the strategies or even the success stories online while overlooking the basics of financial preparation and emotional management. Many beginners think high leverage is a shortcut to financial freedom but more often than not it just accelerates losses. I’ve found that keeping leverage small and focusing on consistency is a much healthier way to grow both skills and confidence.
Reality is, all of the beginner traders want to take leverage because they thought that could be the best possible way to increase their profits and become rich in the process. But they fail to realize that leveraging isn’t for those beginner traders who lack the skills and experience, who lack good strategies in trading, so instead of leveraging their profits, they end up losing all their funds and get them broke eventually.
Taking leverage is proven profitable, but know the fact that it isn’t for everyone. Just take small steps instead and improve your trading skills and performance in the market.