> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ownit.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Leverage

> Leverage set by market, and what a 1% move does at each level.

Leverage is exposure divided by margin. The leverage is set per market and tops out at 5x: 5x on Bitcoin, Ethereum, gold, silver, oil, indices, and FX; 3x on most equities and ETFs; 2x on everything else. Each market's cap is on the [Markets](https://docs.ownit.xyz/resources/markets.md) table and next to the symbol on the trading screen.

## How leverage works

\$10,000 of margin:

| Leverage | Exposure | A 1% move against you | As % of margin |
| - | - | - | - |
| 1x | \$10,000 | −\$100 | 1% |
| 2x | \$20,000 | −\$200 | 2% |
| 3x | \$30,000 | −\$300 | 3% |
| 5x | \$50,000 | −\$500 | 5% |

Leverage changes the size of the exposure, not the direction. Long or short, the same move is the same dollars at the same exposure.

## Leverage and your evaluation

The loss limits are on equity. A 1% move at 5x on a full-size position is 5% of the account, more than a whole day's 3% max daily loss and over half the max loss.

## Managing leverage

1. Decide what you are prepared to lose on the trade.
2. Pick a size that fits that number.
3. Place the stop.
4. Check From breach before adding exposure.

Leverage can be changed per position in the Order panel. You do not have to use the full leverage for each asset.


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