Posts by tomoswald
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in tomoswald feed
Oct 17, 2022 at 23:49
Rule No.1: Never Lose Money. Rule No.2: Never forget Rule No.1.
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in tomoswald feed
Oct 12, 2022 at 06:58
As a new trader, you should consider limiting your leverage to a maximum of 10:1. Or to be really safe, 1:1. Trading with too high a leverage ratio is one of the most common errors made by new forex traders. Until you become more experienced, we strongly recommend that you trade with a lower ratio.
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in tomoswald feed
Oct 11, 2022 at 10:32
Lesson for me: Don't follow signals blindly.
If you follow someone's signals, then learn from them! If you choose to rely on live trading signals from other Forex traders, make sure you do it for your benefit, not a disaster. If you use such signals to discover how other traders do analysis and study the price, you are on the right track and soon you are able to do the analysis yourself. But if you just blindly follow recommendations and your only task is to push the correct button... think again.
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