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I’m a trader who lost money for 18 months before I found any success at all. If you have that, regardless of how you feel about me, I think you have what it takes to be a trader. I’m no different from you, I’m just a trader who is a little further down the road. I can look back at where you might be today, and understand what it takes to get you from A to B. If you want my help, I’d like nothing more than to teach you everything I know about the market.
All of your trading decisions should be well-defined before even placing your first https://www.bigshotrading.info/ trade. Risk management is key to successful trading and consistent profits.
How much money do I need for Forex trading?
If you implement leverage on the EUR/USD currency pair, for instance, trading with 5,000 units is equivalent to trading with 5,000 dollars and every pip is equal to 0.50 dollars or 50 cents. The funds you have in your account is referred to as margin, while the amount you trade in excess of what you have in your trading account is borrowed from your broker. In this article, we are going to illustrate how you can realistically turn 100 dollars into more than 1000 dollars trading forex long term.
The forex market is popular for day traders worldwide because it is open 24/5, highly liquid and generally a fast-moving market. The leverage traders can access is far higher than in the stock market, which can be a double-edged sword.
