I’ve been diving into CFD trading lately, and I keep hearing about the potential for huge gains versus the risks involved with leverage finance. It sounds tempting to use high leverage to amplify profits, but I've also read a ton of horror stories about traders getting wiped out because of a small market move.

Has anyone here experienced a significant loss due to high leverage? I'm trying to understand if it's really worth the risk or if I should stick to lower leverage and take a more conservative approach. Would love to hear your thoughts or any advice you could share from your own experiences!