If you’re not trading a substantial amount (tens of thousands of dollars), your profits in forex trading without leverage will likely be small because daily price fluctuations tend to be minimal.
It’s safe to say that most day traders use leverage, as currencies usually move less than 1% in a single day.
Have you considered day trading stocks? Unlike the relatively stable currency markets, stocks tend to be more volatile, with daily movements of 5%, 10%, or even 20% on a strong trading day.
Trading stocks without leverage can offer significantly higher profit potential compared to forex.