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About leverage

Leverage is very important in trading. If the trader does not select the correct leverage, there can be a lot of trouble. That's why I use 1: 500 leverage.
 
Before using leverage it is more important to ensure how to manage risk , because leverage contains huge risk for all time. they should trade in low leverage in micro account for avoiding loss, otherwise they can fall a great trouble when market moves at random.
 
Traders should focus on developing good human qualities to be a good Forex trader. Emotion is one of the worst human qualities that drive a person towards failure.
 
Before opening every single trade, a thorough research should be placed. Technical analysis is essential for catching the market trend.
 
Due to the availability of internet, earning knowledge has become quite easier than before. Practical knowledge is the essence of trading that traders should arm with.
 
Try to use low leverage, low trading spread, and flexible margin level to moderate your risk. The lower the leverage is, the higher the risk is. Go simple with your trading.
 
Be cautious of using leverage and make your trade combined with small spread too. When the market moves slow, you can use high leverage to gain more.
 
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