One of the most crucial steps in risk management is to avoid using high leverage.
The reason is that managing risk becomes significantly more challenging, as even small market movements can lead to substantial profits or losses.
This is especially true if you’re new to trading and are still developing a strategy.
With stocks, for example, try trading fractional shares with no leverage until you’re comfortable with your strategy, trading platform, and risk management. You can day trade fractional shares with as little as $10, so there’s little ‘stress.’
I recommend only considering trading forex with high leverage once you have lots (years) of experience.
Christian Harris