Answer: Leverage magnifies both gains and losses. It’s useful for position sizing flexibility, but over‑leveraging often leads to account blow‑ups. Prudent traders use modest leverage with strict stop‑losses.
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Answer: Forex can be profitable, but it requires education, discipline, risk management, and a sound strategy. Treating it like gambling (i.e. random bets, no plan) leads to losses; treating it as a skill with proper analysis can yield consistent returns.