Congratz on your decision to become a full-time trader. It is not an easy walk, but good preparation will help. If you have experience with financial markets, you will have an advantage, but even people who do not have this knowledge can trade successfully. So everything you need now is a good plan, and our guides will assist you.
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Nowadays, people are very dependent on money, and our life looks like a constant race. Getting up early, large workloads, and sometimes you can not take time for yourself. So how can you fix that? Your own business is a perfect solution, but the competition is high in any industry, and you need a significant sum to start your business. I recommend considering Forex trading as a home business, and today we will talk about its main advantages.
The best position sizing strategy varies for every trader, depending on risk management, experience, and trading style. Many traders, especially beginners, usually choose their position size randomly. In any case, it should be a maximum of a few percent of your deposit, as this will prevent the loss of money in a couple of trades. Actually, exact position sizing is beneficial, and it's easy to diversify the risks.
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