I dont understand the diference of 1:10 and 1:1000

Hi im new to trading and idk which one is risky 1:10 or 1:1000?

Neither. The risk is determined by you, for example 2% per trade. This applies regardless of which leverage you pick. So if you have a small trading account of let’s say $10,000 and you will risk 2%, this would be $200 per trade (on your first trade). It does not matter if you use 1:10 or 1:10,000, you risk profile if you execute it would leave you with a loss of $200. This who claim higher leverage = higher risk = blown accounts just don’t understand trading the least bit. The leverage you pick will impact you trade in other ways (together with lot sizes). For example it will change the amount of pips you can be wrong until you hit your $200 loss (using the figures in the above example).

+1 on this explanation thelastbear. Higher leverage is always better for traders with good trading strategy and low trading capital.

Might be referring to the currency quotes used by analysts and what is actually quoted?

Tim