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I've noticed that a littler trade size keeps me more target on leaving a trade and in addition enables me to remain in trades longer. Objectivity drives me to concentrate on motivations to leave a trade when the certainties supporting the trade change. The littler trade size likewise urges me to remain in a pattern longer since I'm not as anxious to close at the trade at the present benefit but instead let the pattern run its course which frequently outperforms what I anticipate.
 
Risk Rewards and Money Management agree to accept any challenge. It is possible for every trader to work according to discipline and plan.
 
Not everyone can be a trader. A person with determination, quest for knowledge, patience and good understanding ability can be a trader. And all these qualities can be achieved if one wants. But the problem is most people do not have that much will power. You should choose the career that you understand and like to do. You can not choose your career based on opportunity of huge profit.
 
If you have proper knowledge about the use of leverage, you can use it. It will be beneficial for you. But without any knowledge, it will be risky to use leverage in your trading. you can face a great loss.
 
decision goes belong to value at risk, when you are understand enough, that confidence drive how big your lot decision, you'll start to praise your own logic VAR (value at risk), yeah...in a rude way, or opposite, in a good way.
 
Psychology is a big factor for trading Forex because it controls your temper. You should not drive your mind towards wrong thoughts like revenge trading, over-trading, greed etc. Traders should even spare extra time to develop their psychology.
 
Demo account is always provided by brokers to practice. Traders trade in real account to derive profit from there not to practice. Cautious trading always carries profit for traders and demo account not only helps traders in developing experience but also in enlarging cautiousness.
 
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