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If you invest $1,000 in a forex trade with 100:1 leverage, you can calculate the total value of the position you are controlling by multiplying your investment by the leverage ratio.
Here's the calculation: Total Position Value=Investment×Leverage
Total Position Value=1,000×100=100,000Total Position Value=1,000×100=100,000
Therefore, with $1,000 and 100:1 leverage, you are controlling a total position value of $100,000.