Day trading and leverage generally go hand in hand.
Give day traders the opportunity to execute and make the most profit on the same day.
However, it is easy to say, but when it comes to day trading, many traders simply cannot predict what will happen next.
It looks like the trend is going your way, and then suddenly it changes course.
Since day trading involves placing multiple trading orders in a single day, using leverage tends to magnify your gains and losses.
Therefore, it is important to consider the risk of volatility and carefully adjust your trading position with strict stop losses when trading FX day.
Stop losses can help traders minimize losses.