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Forex trading requires leverage to be successful. It is sometimes called a double-edged knife. Stanley Druckenmiller referred to Soros’s lessons. “Soros has shown me that when you are able to believe in a trade, it is necessary to take the plunge. It takes courage and determination to be a pig. It takes courage riding a profit with enormous leverage.” This statement demonstrates why leverage can be a double-edged weapon. Leverage can increase your profits significantly or leave you stranded, not only in terms of financial but also psychologically.

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Importance Of Leverage In Forex Trading

time to read: 3 min

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