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How to Choose Leverage for Novice Traders?

If you are a good quitter you are not going to earn money with forex trading because it takes a lot of time before you can start profiting from the forex market.
That's just the fact, people who give up easily don't earn a dime on things like forex trading, you need to be patient before you can gain the good results you want.
 
That's just the fact, people who give up easily don't earn a dime on things like forex trading, you need to be patient before you can gain the good results you want.
That's true, just like the popular sayings the patience dig eats the fattest bone, this also applicable to trading, if you are not patient you are not going to earn money.
 
That's true, just like the popular sayings the patience dig eats the fattest bone, this also applicable to trading, if you are not patient you are not going to earn money.
Leverage is really good especially if you are trading prop firm account but sometimes over leveraging your account might cause you to blow it, you need to be very careful.
 
Leverage is really good especially if you are trading prop firm account but sometimes over leveraging your account might cause you to blow it, you need to be very careful.
That's true, if you have a good equity you are expected to trade it in a good way, but if you don't know what you are doing you are going to blow the trading account.
 
Leverage is loan funds from a broker for traders to make trades. Usually brokers provide leverage from 1: 100, 1: 200, 1: 1000, up to 1: infinity. The leverage we choose will be related to the amount of margin the broker will lock when opening the trade. So what do you think?
I do not advice anyone that ia starting out to use leverage while trading as it might put you at great risk, risk that can result to the loss of your capital and bring you back to a position you would not like to be in.
 
That's true, if you have a good equity you are expected to trade it in a good way, but if you don't know what you are doing you are going to blow the trading account.
That's true, if you don't know how to trade I'll not advice you to invest your money on trading, that's the mistake that a lot of people make, investing without having the knowledge.
 
That's true, if you don't know how to trade I'll not advice you to invest your money on trading, that's the mistake that a lot of people make, investing without having the knowledge.
That's true, if you invest your money on forex trading without having the knowledge of what you are doing, you'll lose a lot of money, that's why you need to have the experience first.
 
That's true, if you invest your money on forex trading without having the knowledge of what you are doing, you'll lose a lot of money, that's why you need to have the experience first.
That's true, a lot of people nowadays don't want to have the knowledge of forex trading, such kinds of people ended up losing a lot of money in trading because they don't know what they are doing.
 
That's true, a lot of people nowadays don't want to have the knowledge of forex trading, such kinds of people ended up losing a lot of money in trading because they don't know what they are doing.
That's true, if you don't know what you are doing in trading you are going to lose a lot of money, that's why you need to have the knowledge of what you are doing before Investing your money.
 
That's true, if you don't know what you are doing in trading you are going to lose a lot of money, that's why you need to have the knowledge of what you are doing before Investing your money.
That's just the fact about it, knowing what you are doing in trading is very important, a lot of people don't know what they are doing that's why some of the are still losing money.
 
That's just the fact about it, knowing what you are doing in trading is very important, a lot of people don't know what they are doing that's why some of the are still losing money.
It's obvious a lot of traders don't know what they are doing, if you want to earn money in trading you need to have the knowledge, chasing the knowledge is very important.
 
It's obvious a lot of traders don't know what they are doing, if you want to earn money in trading you need to have the knowledge, chasing the knowledge is very important.
That's true, I think it that's why a lot of traders are losing a lot of money, if you don't want to lose you are expected to know what you are doing, this very important.
 
I think you must have gone through the forex trade seminar and forex tutorial so when you are ready you will register with broker of your choice either hotforex and so on. So on that process you must have choose the kind of leverage you want so for a novice the leverage you will choose is 1:100 in other to avoid loss.
One thing about choosing a position i forex is that the investor should be able to have mastered the strategy that he wants to apply,because it will be from your experience from your demo version or from exparts.
 

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