Leverage can really make or break you. A lot of experts stick with around 1:100 leverage, even though they can afford to risk more if they want to. It isn't going to kill their account. I think it's smart not to break that rule - always be careful.
HeavLeighGill26 posted: Leverage can really make or break you. A lot of experts stick with around 1:100 leverage, even though they can afford to risk more if they want to. It isn't going to kill their account. I think it's smart not to break that rule - always be careful.
Being careful is important, but I think using more than 1:100 leverage won’t harm if traders know what they are doing. Volatility has always been there in the market, but that’s what helps traders go from rags to riches.
WhiteWitcher posted: Oh rule with leverage doesn't work for me too. Or I am a risky guy. lmao. But the most broken rule I believe is put SL to save your money.
That’s true, using SL and TP puts traders in a shell. Sometimes the fun is in the unpredictability, but those who add SL and TP never get to enjoy that.
Oh that's right. I'm not one of those people who likes to box themselves in. Therefore, I prefer to trade without using stop loss. P.S. The main thing is not to go to the shower until the order is closed. lmao.
Masticate posted: I don’t think any rule should be broken. These rules are created for a reason. I think maintaining trading psychology is the most important aspect in trading that requires real effort.
Oh a lot of things were always made up for something. But you can come up with anything, and at the same time be absolutely useless. lol.
Traders should get familiar with technical and fundamental analysis so they can choose which style they need to go with depending on the market changes. Placing stop loss at the start of each trade and calculating a risk reward ratio are measures to lower risk and earn profit.
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