“It is better safe than sorry”
Billions of dollars is circulating in
Forex every day. The capital of an Investor could boom
instantaneously sky high but also may fall flat on the floor after a
while. It could make you in a second then break you after another.
One of the secrets of seasoned traders is proper money management.
Take one step at a time. Its advisable
to practice your trading first in a demo account before going to
Cent accounts and eventually to Live account in order to develop a
profiting strategy.
Trading in constant amounts may also
help. Moving forward slowly but surely is better than a come what may
attitude. Saving portions of your profit could really be handy
especially when you incurred a sudden huge loss. You could add to
your capital little by little. A huge capital would dwindle in no
time if it is not properly managed.
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