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Can someone explain how to use CFD limit leverage trading effectively?

I've been dabbling in CFD trading for a bit now and recently came across the concept of using limits with leverage. It sounds like a double-edged sword, and I'm a bit confused on how to approach it. On one hand, it seems like it could amplify gains, but I’m also worried about the risks involved. How do you guys set your limits when trading with leverage? Do you have any tips or strategies that have worked well for you? Just looking for some real-world advice from those who’ve been in the trenches. Thanks!

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