I am new to trading and I want to learn how leverage works. I have been buying and selling underlying stocks with DeGiro for a year now [playing it safe and been lucky till now] and I would like to safely try leverage with some spare money.
I know that I can/should papertrade first, but I find that I learn faster and I create the need to study more intensely when I have real money on the line.
So, at first, I would like to have an account of let's say 100 euros and trade with leverage with these. It may be ridiculous amount for leveraged trading but I am comfortable losing it.
So, DeGiro offers an "Active" account that offers 50:1 leverage.
My question is, how to approach this and only end up losing these 100 euros and not owe/pay more?
I intent to only go long with leverage only in stocks, and I have read that "If you go long with leverage you never lose more than your initial position".
Of course I suppose stop-loss orders are a no-brainer safety net.
I may have these concepts messed up in my head so please bear with me.