Leverage is one of the best part of Forex. Without this, it would be very difficult for the common man to get involved in this business. The question of how bad or good it is to use high leverage is troubling. What I can say is that we have different style of trading. Irrespective of our different strategies, one who uses high leverage without a working strategy is heading for great Loss. Therefore, before you use high leverage, you must weigh your profit and Loss ratio. If you are very sure of your strategy on a particular deal, then use high leverage to grab as many pips as you can. This should not be done all the time. Only when your prediction is 80% accurate.