Over-Leveraging

Imagine you’ve just made a high-stakes bet in the forex market, leveraging your position to the maximum. The potential for tremendous gains is exhilarating - $1,000 could quickly balloon to $10,000. But here’s the catch: the same leverage that promises such rewards can also lead to catastrophic losses. In fact, data reveals that over 70% of retail forex traders lose money, with excessive leverage being a significant contributor to these losses.