Traders Should Trade In Small Leverage For Avoiding Risk

Discussion in 'General Trading Discussion' started by Benigna Mazzi, Sep 2, 2021.

  1. Benigna Mazzi

    Benigna Mazzi Senior Investor

    Joined:
    Jul 2020
    Posts:
    338
    Likes Received:
    5
    Traders should trade in small leverage for avoiding risk. Follow proper risks management strategy first. Using stop loss is the best way to reduce risk and loss in the market. My broker, Eurotrader, run my SL without slippage. The broker also offers trading services of fx, shares, cryptos, indices, commodities, metals.
     
  2. Lisa Maria

    Lisa Maria Senior Investor

    Joined:
    Jan 2020
    Posts:
    346
    Likes Received:
    1
    A trader should pick a suitable broker to trade in the forex market. Without a suitable broker it is quite difficult to invest in the huge market. Broker can be the well wisher for any trader. But Broker has to be good. Wrong broker can create difficulties in trading. As a trader, I choose Tpglobalfx as my broker. It provides low spreads and high leverage. The trading strategy is quite easy.
     
  3. mikenovo

    mikenovo Senior Investor

    Joined:
    Aug 2021
    Posts:
    62
    Likes Received:
    0
    True, small leverage is safer. Big leverage was causing so many problems for traders that a lot of reputable regulators actually ended up banning it in many places all over the world.
     
  4. Linda Smith

    Linda Smith Senior Investor

    Joined:
    Dec 2019
    Posts:
    479
    Likes Received:
    2
    Psychological challenges account for most of the hardships for consistent success as a Forex trader. There is no doubt that psychological factors play an important role in forex trading. Even good traders lose due to emotional problems, even if they make the right decisions. So, it is important to control emotion to succeed in trading. I recommend new trader open a micro account to practice trading psychology. All brokers like TP Global FX offer micro account.
     
  5. mikenovo

    mikenovo Senior Investor

    Joined:
    Aug 2021
    Posts:
    62
    Likes Received:
    0
    I think the best way to deal with the psychological pressure of trading is to just trade as often as possible, as much as possible, but also taking as few risks as possible. Use that which you know, don't hope to luck out to avoid trouble because of what you don't know.
     

Share This Page