it is a very risky leverage can make you much profit as soon as you can lose all the money in my opinion an average leverage dand as 1:500 or 1:200 is fine it will t help to position the back more, but the risk is not very high but in general the leverage is a two hand weapon
Yup, however, it is very risky to use that kind of leverage. The higher the leverage, the higher the chances you risk your trading account. Use the leverage wisely and always follow your trading plan.