Many new traders fall into the trap of overleveraging, which can lead to major losses if the market moves against them. Without a clear plan, they tend to make impulsive decisions, often based on emotions like fear or greed. To avoid these pitfalls, it's essential to start with a solid risk...
While you don't have to take formal Forex education, it’s definitely helpful. Knowing how the market works can help you avoid costly mistakes if you're not familiar with it. That said, some things are best learned through hands-on experience, which is why demo accounts are a great way to...
Have you found any specific educational resources or sources of information outside of YouTube that you have found to be reliable and helpful in improving your trading knowledge and skills?
To calculate the maximum lot size to avoid being stopped out before hitting your stop-loss, consider your risk percentage and account balance. Divide your risk amount by the product of the stop-loss distance (in pips) and the pip value to determine the maximum lot size.
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