What’s the optimal leverage for beginners in Forex trading and why?

Conservative traders would say to use no leverage at all, while more adventurous traders might say to use 20:1 or higher. So this choice is a highly personal one that reflects your own personal trading philosophy. But the real answer is that you should use whatever leverage that you understand and that fits best with your money and risk management strategies.

With the right stop losses in place and a firm understanding of what could happen, even the most extreme leverage can be pretty safe. So, for a rank beginner, 1:1 (no leverage) can be the best option and then slowly add more as your understanding of trade and risk management grows.