There is a lot of talk around the leverage in the Forex community. Some think it’s their salvation, others believe it might ruin you. Both opinions are right because high leverage can bring you both huge profits and losses. Today we will consider in detail how this tool works, what risks it carries, and how to control them.
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.
An inexperienced trader might think that writing down all your trading actions is just a waste of time. Isn't it better to spend this time more wisely and try to earn more profit in the next trade? If this seems logical to you, then you simply do not understand the full benefits of journaling. Today I will try to change your mind.
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