No wonder many people are fools who can't make money and can't even tell the most basic leverage.
The leverage mentioned here refers to the full-position leverage, not the leverage you see set.
You can choose any leverage when opening an order, but this is not your full-position leverage. The full-position leverage depends on the margin you use.
You have 1 million funds and use 100,000 as margin. The leverage is 0 times under 10 times leverage.
You only see others use 10 times leverage, do you know how much of their own capital they use?
If you don't understand this, aren't you giving money to others?
