Using leverage comes with a higher level of leverage risk, as it amplifies both potential gains and losses.
If you are trading with leverage and the market moves against you, your loss per pip will be larger than if you weren’t using leverage.
For example:
If you invest $1,000 with no leverage, a 1% market move results in a gain or loss of $10, which is 1% of $1,000. If you invest the same $1,000 using X10 leverage, the total value of your position would be $10,000. In this case, a 1% move means a gain or loss of $100, which is 1% of $10,000.