it is not a secret that most of the Forex traders sooner or later loose their deposits. The reason for that is very simple – most of the traders take too high risks, in the hope of huge profits. They don’t wish to accept the fact that Forex trading is not about luck and if they were lucky in the beginning, it won’t follow them all the time. If someone tells you that during a month he made $500 out of initial $50, it may be true. Also the truth is that if this trader doesn’t change his trading strategy, he may end up with zero. Every trader has to be prepared to the failure One of the main parts of trading strategy is the smart money management. Let’s discuss the risk levels that might be used when opening a trading position. Risk is the amount of % of a current deposit which can be afforded to be lost if your trade reaches the stop loss. The world’s leading Forex traders strongly advise that the risk level must stay at 2-6% of the initial investment. If you don’t have...
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