If a trader dont implement good money management he will not survive in this tough business, there were no protection of your capital if you dont implement stop loss. Leverage will only be use in your margin, the higher the leverage the smaller the margin,it only allows a trader to open more trades than the lower leverage, but this can be dangerous too, because a trader will be tempt to open so many positions and as a result it can possibly wipe out his account very quick, if all trades are losers.
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