Let's get back to one of the most useful topics for a novice trader - common mistakes and ways to avoid them. You won't be able to become a pro overnight. But instead of striving for perfection by choosing an ideal strategy and ideal plan, focus on basic mistakes. By eliminating every problem, you will move a little closer to your ultimate goal of becoming a professional trader.
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There is a lot of talk around the leverage in the Forex community. Some think it’s their salvation, others believe it might ruin you. Both opinions are right because high leverage can bring you both huge profits and losses. Today we will consider in detail how this tool works, what risks it carries, and how to control them.
Not all traders prefer conservative trading. More and more market participants are turning to aggressive strategies and Expert Advisors, such as martingale. They involve huge risks but if you follow a few rules you can get a fairly stable profit.
And back to the important step in Forex training you can’t possibly miss - to the terminology. In a previous article, we already got familiar with several terms. So, without further ado, catch the next portion of useful lingo.
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