I don’t see any importance to use more than 1:100 trading leverage! Aggressive trading leverages are always risky! Don’t make overtrading if you want stay here in a long run!
Basically, new traders try to make quick money here; since they have no idea on Forex! Forex is not any shortcut way of money making! It’s a decentralized market; and only pro traders can make money here in a long run!
Your money management plan is connected on this issue! Please don’t avoid the rules of money management; only focus on consistency, rather than instant profit!
Following others trading system, is not a proper way of money making! You can face MC- without any notice. This is why my preference is always manual trading.
It’s not the obvious rule but it’s a good decision. End of the day, we need to know our own strength & possibilities! In my demo, I started with EURUSD & GBPUSD.