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.
There are several great forex trading apps out there, but the “best” app depends on your trading goals, experience level, and the features you prioritize (like low spreads, execution speed, or copy trading). That said, if you’re looking for ...
