Attempt to make routine withdrawals of your profit when trading. Lots of people do not do this and can never truly experience their physical payouts. It is your money to do with as you please, you do not need to keep all of it in the trading account. Don’t start thinking that you can take full advantage of revenues by putting every penny back in since you could still lose. Make time to enjoy your profits.
“You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very sho rt period of time. What you can’ t afford to do is throw away your capital on suboptimal trades.”…Why You’re Likely Going The Wrong Way About Growing Your Account
A wonderful idea for foreign exchange trading is to avoid choosing tops and bottoms as much as you can because this is an usual mistake. If you have to do this, you should wait until the rate action verifies a leading or bottom before taking a position. Rather, you should try to stick with the trends.
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