What advice would you give to novice traders regarding the responsible use of leverage in forex?
Well, it is pretty obvious not to blow their accounts by risking too much leverage and/or not placing a stop loss…
Stay away from high leverage until you have mastered the art of trading. Inexperience with the use of leverage is a huge factor in newbies blowing their accounts.
try to avoid other newbies mistakes. you can easily find what are those mistakes. they discussed many times.