In the world of forex trading, leverage is that sharp knife that can be highly beneficial but at the same time can also be very disadvantageous as well. When used wisely, leverage can help you multiply your profits. Extreme leverage, however, can really drain your capital in a matter of seconds when misused. The best way to go is to find a good broker that allows you to change your leverage easily whenever you need to.
A lot of brokers are offering adjustable leverage as part of their services. Adjustable leverage is a positive thing to have because then you can switch from relatively high leverage (i.e. 100:1) to smaller leverage or vice versa instantly. All you need to do is login to the web interface of your broker and use the web-based interface to change your leverage.
Make sure you observe the market closely and take good advantage of the adjustable leverage. When the market movement is predictable and positive based on your strategy, you can simply increase your leverage and earn more profits from your trades. You can very much double your money in a matter of seconds this way.
When the market is moving erratically, switch back to low leverage to limit your risks. Trading at high leverage during intense market sessions will only expose your capital to more risks than it is supposed to. With lower leverage, you can apply various risk management techniques and stay profitable at all times. That is how you can use adjustable leverage to your advantage.