losing more money than they can afford. 5. Trading based on emotions: Emotions such as fear, greed, and excitement can cloud judgment and lead to poor decision-making. Successful traders have a disci...
every $1 of capital, a trader can control $50 worth of currency. 5. Margin: Margin is the amount of money required to open and maintain a trading position. It is usually expressed as a percentage of ...
over-leveraging your positions. 3. Keep Track of Your Trades: Maintain a trading journal to track your trades, analyze your performance, and identify any patterns or trends in your trading strategy. ...
forex market analysis. By monitoring indicators such as GDP, inflation rate, unemployment rate, interest rates, and trade balance, traders can gain valuable insights into the health of the economy and...
Traders should never risk more than a small percentage of their trading account on any single trade. This helps to ensure that even if a trade goes against them, the impact on their overall account ba...
2024-08-29 04:23:59