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bearhugs

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Posts posted by bearhugs

  1. Due to liquidity present in the currency trading market, it’s good to trade in the forex market with considerable leverage. Increasing your leverage works if you have either a high win percentage of your trades or you have a lower winning percentage.

  2. Both these trading methods have their pros and cons and traders need to choose carefully based on their experience level and market understanding. Forex options have been prevailing for a long time and binary options are relatively new with a lot of scam brokers existing in the market.

  3. Placing profit targets and exiting trades is perhaps the most technically and emotionally difficult aspect of trading. The trick is to exit a trade when you’re up a respectable profit, rather than waiting for the market to come crashing back to you and exiting out of fear.

  4. A demo account is a live simulation. So it mimics live prices very closely. They do have a slight difference at some points in price as well. Overall, trading in a demo account offers a great service to novices that would otherwise have to learn using, and probably losing, real money.

  5. Forex is about one of the riskiest businesses around. A lot of people have a misconception about it been a get-rich-quick scheme. Forex is a very volatile market. Within a second, the price could move hundreds of pips. If you are not on the right trend, you'll definitely lose the trade.

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