Recently, I came across a UAE-based brokerage house that caught my attention: FXGlory. The reason to pay special attention to it is nothing else but the leverage it offers, namely 1:3000. I found myself wondering whether such a leverage level is a rational option worth considering, or just a concealed black hole in which you may throw away all of your precious funds. But first things first – let's consider the nature of leverage. Putting it bluntly, the leverage is the magic wand that brokers use to help you increase your purchasing power. A leverage of 1:3000 permits you to trade with positions that are 3000 larger ... (full story)