Yes, so many broker offer high leverage now, which this is like as competetition between company to offer easiness for small trader use high leverage, and will better if use high leverage still use strict risk management
want to learn forex trading
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This is perfectly true, in so far as it goes, but in practice it isn't quite the point.
High leverage in itself doesn't destroy anyone's account, if sensibly handled - as you've correctly mentioned.
The realities, though, are that the aspiring traders attracted by high leverage are generally/overall the somewhat gullible/naive ones who lack the education, skills and experience to handle it sensibly, and there's a whole panoply of counterparty market-makers pretending to be brokers out there, whose entire business model essentially boils down to exploiting them.
As people have been trying to explain to you elsewhere, this isn't true. In the murky world of retail forex trading, those are NOT genuine brokers: they're counterparty market-makers pretending to be brokers, and they have a direct incentive for their naive and gullible clients to lose money, because they themselves hold the other sides of their own clients' positions.
The comparisons I always find interesting (albeit predictable), in this context, when they're sometimes published, are the independently audited proportions of winning/losing forex accounts held at genuine forex brokers, who prefer their clients to be profitable, compared with the ones held at those counterparty market-makers who attract their clients with very high leverage and/or introductory bonuses. Those comparisons tell a very clear story.
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Choosing high leverage as long as trader still can control their decision based on risk management plan, might still secure, but sometime trader being emotion and greedy, high leverage can harmful account for trader that having high temper and can't control decision based on money management
But probably not, in practice, if you think about it, simply because the "brokers" offering that leverage aren't genuine ones but counterparty market-makers, and the decks are accordingly deeply stacked against their clients. As independently proven by the publication of independently audited proportions of winning/losing forex accounts held at genuine forex brokers (who prefer their clients to be profitable), compared with the typically high-leverage ones held at those counterparty market-makers who have an incentive for their own clients to lose money.
So "brokers" offering leverage of the size you were mentioning are to be avoided and are avoided, by experienced and/or successful traders, not necessarily because of the leverage itself but because of who those "brokers" are and what their business model is.
The point you seem to be so persistently missing is that it's because that's what their own business model is that they need to advertise very high leverage, to attract the naive/gullible newbies.
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Maybe you right, I see currently some broker offer high leverage to attract many new client with their offer, and also this is about business behalf, many broker compete with other competitorr, and maybe still common if they trying to getting more client, but in trading, high leverage in my opinion still useful for trader retail, not all trader they having huge investment
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Thank God you pointed that out: I don't know how the thread would have survived without it.
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