“When in doubt, sit it out”
Risk management: Avoid Overleaveraging and stick to few active trade.
What do you think is the most appropriate leverage?
@dianajs, Leverage doesn’t really matter while most think more is better what is really important is your:sunglasses: position sizing, I.E. cash management.
Hi Danajs
You might make use of any forex leverage calculator on app store or other forex website to determine extimated leverage for each trade before executing a position.
However, if you execute more than one active position. You may determine the leverage for each position and average overall leverage per number of active position as to further reduce risk.
- Always trade with a well-defined trading plan.
- Markets is for none, so treat trading like your business as your capital is invested over there.
- Always keep protected your trading capital.
- Keep on learning and reading experts views to be a master.
Limit and market orders are for amateurs.
Money management is the boss of successful trading.
Trade with H4, D1, W1 Time frame.
Trading Plan
Greatest trading lesson??? Learn to take losses… Losses are a part of the game…
Avoid using too many indicators as it would ultimately lead to confusion.