2024-12-24 21:18
Industryow to Avoid Overleveraging in Forex
Leverage is a powerful tool in Forex trading, but overusing it can lead to devastating losses. Many traders fall into the trap of using high leverage to chase big profits, only to see their accounts wiped out by small price movements. To avoid this, never risk more than 1-2% of your account on a single trade and calculate your position sizes carefully. Use leverage sparingly and ensure your account can withstand market volatility. The goal is to grow your account steadily, not to gamble. In Forex, slow and steady wins the race. Trade smart, not fas
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ow to Avoid Overleveraging in Forex
| 2024-12-24 21:18Leverage is a powerful tool in Forex trading, but overusing it can lead to devastating losses. Many traders fall into the trap of using high leverage to chase big profits, only to see their accounts wiped out by small price movements. To avoid this, never risk more than 1-2% of your account on a single trade and calculate your position sizes carefully. Use leverage sparingly and ensure your account can withstand market volatility. The goal is to grow your account steadily, not to gamble. In Forex, slow and steady wins the race. Trade smart, not fas
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