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It may seem unrealistic, but your ability to correctly select the size of trading leverage can play a major role in your future Forex career. It is crucial to make this choice separately for each of your transactions. Once you figure out how to do it, you will decrease the number of unnecessary losses and increase your potential profits.
Many people today avoid going to Forex, as it seems that they will have to invest a large amount of money right from the start. But this is a misconception. Of course, some trading strategies involve fairly large initial investments. However, with the right choice of a trading account, with a competent trading plan and a proper risk management system, you can start even with a minimum amount of money. Moreover, you can earn on Forex without investing a dime.
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