After you try the Virtual Trading, now it's time for real money. You certainly already know that forex trading is a fairly risky activity. In case of mi of course you need the appropriate forex trading capabilities run the risk. Well, how much money would You assign to forex trading?
The answer really depends on how large your courage for the loss. If brave losers to 100 million, you allocate 100 million for forex transactions. If you only dare to lose money of 20 million, only use 20 million for forex transactions. Basically the loss that you can experience is 100% maximum, meaning you have to be prepared to lose all your money. You might say, where possible? Trust me, lots of events where someone lost everything due to forex. Believe it or not, you could lose 100% of money overnight because the forex, if not careful.
There are two risk losing money in forex online trading. The first is the loss due to its own trading mistakes. The second is money lost due to rogue brokers. Online forex brokers can suddenly close or don't pay when You withdraw funds. All of them can result in missing your money 100%. So prepare You mentally for the loss of capital you enter if you want to trade forex.
No comments:
Post a Comment