The forex market, known for its high liquidity and 24/5 trading schedule, attracts millions of traders worldwide. However, one of its most enticing features—high leverage—comes with significant risk. While leverage can amplify gains, it can just as quickly magnify losses. To succeed in such a volatile environment, understanding and applying safe trading practices is essential. This guide will walk you through proven tips to trade safely in the highly leveraged forex market. 1. Understand the Risks of Leverage Before stepping into the forex market, it’s crucial to grasp how leverage works. Leverage allows you to control a larger position with a relatively small amount of capital, often expressed as a…