Leverage 1:1 and margin calls

Beginner Questions
1

Hi,

I’m reading this article:

It says that when using a 1:1 leverage, a 1% change in change in currency pair means 1% change in account as well.

So, if I got this right, assuming roll is in my favor, and taking in account spreads & commission, it’s almost impossible to have a margin call provided that Margin call = Stop level = 100% (but it would greatly affect profitability)

In other words, using a 1:1 leverage is like having the $ bills in your hands, you (almost?) can’t risk losing them (at least for major pairs), since currencies don’t usually lose 100% of their values.

Is that correct?

2

This is correct. You’d have to go through an entire currency collapse to lose most of your money.