The best position sizing strategy varies for every trader, depending on risk management, experience, and trading style. Many traders, especially beginners, usually choose their position size randomly. In any case, it should be a maximum of a few percent of your deposit, as this will prevent the loss of money in a couple of trades. Actually, exact position sizing is beneficial, and it's easy to diversify the risks.
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This is the third and final article in a series of useful tips that will help you adjust your trading habits and improve your trading performance in the second half of 2020. Today we will talk a little about risk management and focus on how to set goals for ourselves, as well as how to work with our improvement plan. Without further ado, 4 more ways to improve your trading.
Let me guess, you’re just starting to make your first baby steps in the world of online trading and have no idea what to begin with? Then this article will be definitely useful for you. The best way to start navigating Forex well, is to get the basic knowledge. First of all, learn the terminology. We will begin with the necessary minimum that no trader can do without. These are the terms you’ll face on a daily basis as no trade can do without them.
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