Q: What is the one thing that can help you make big improvements in your trading and also help you quickly spot when errors or mistakes are creeping in? A: A trading journal of course. A surprising number of traders either do not have, or do not correctly use, a solid trade journal and are …
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Forex Leverage, Margin, Lots & Pips
When trading Forex, traders have the use of leverage. Leverage can be a really dangerous tool for traders if they don’t understand it and don’t use correct position sizing. For the trader who is well educated leverage can provide a very powerful tool to build profits.Leverage works by letting …
Small Trading Account = Big Trading Errors
A small trading account can often lead to big trading errors. It can be incredibly hard for a trader to stay focused and disciplined, sticking to their trading plan, risking small amounts of their account and never over-trading when this will lead to what at the time can seem like insignificant …
