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The important things we need to know before starting up trading
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[QUOTE="glabella, post: 230699, member: 73230"] Traders should not have any kind of misconceptions about forex trading. 1. Forex is not gambling, it is a business. Forex trading needs a trading plan and risk management as any other business. 2. Forex is not a get rich quick scheme. It requires a good investment of time to get a proper learning and understanding about forex. 3. Forex trading is not the easiest way of making money. Traders need to work hard to gain required trading skills in order to be a successful trader. 4. High leverage is good and can give you significant profits. High leverage not only magnifies the profits but also magnifies the risks. One can end up blowing his account if leverage trading is not done with care. [/QUOTE]
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The important things we need to know before starting up trading
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