Before engaging in trading, traders should have a firm grasp on their risk budget for each trade and what amounts they can afford to lose on any given investment. This will help them avoid emotional decisions which could result in poor decisions and subsequent losses. Furthermore, traders should learn how…
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How to Open a Forex Trading Account
Since the rise of retail forex brokers in the 1990s, anyone with access to a computer and internet connection can begin trading currencies. Opening a forex trading account is similar to opening a stock brokerage account; both can be completed quickly in just a few steps. Before traders begin trading…