How do we have 1000$ to open 0.01 lot in market, I think if there is no leverage, only bank or fund trading and many brokers would close. It's reason broker with large leverage are veryr popular: Exness (1:2000), Hotforex (1:1000).
People do this all the time. In fact i do this several times a year. Everytime I go to the US and come back to Canada I do a currency trade. Sometimes I hold my US dollars in a spare wallet on my desk and pay little attention to the fact it moved up or down a few hundred pips.
I personally am a new trader, only practicing in demo, but as i see it so far, i don't like leverage. it can make you blow your account much faster
I guess trading will continue with or without leverage, yeah like what other traders say its just a tool in the end.
It definitely is risky, I've lost quite a few hundred in one trade because I leveraged too much. Although at the same time I've had some really profitable trades. I suppose it all depends on your experience and attitude to risk
There would be certainly less newbies and significantly less risk level. But I think what attracts most us in this field is opportunity to earn huge profits, otherwise its same regular boring job we have in our offices...
I will continue make forex trading, leverage is helpful for small funds or ambitious, but lower leverage will make your trading more safe.