I've been thinking about getting into CFD trading with leverage, but I’m a bit wary. I've heard stories of both huge gains and disastrous losses from traders who have dived into this. I get that leverage can amplify profits, but it can also amplify losses, right?

For those who have experience with this, what’s your take? Is it a good strategy to use? How do you manage the risks involved? I've been reading up on it, but I’d love to hear some real-life experiences. Any tips on what to watch out for or strategies that might help? Any insights would be super helpful!