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TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage , to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
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Having known how to trade , when to trade, what to trade and what not to trade , capital management is a Very important key in becoming a successful trader. Alot of people make this mistake especially the newbies like me that's why Capital management is crucial in trading, unless you're trading randomly which a serious trader should not do. Alot of people have lost their trading capital more than once which are not even newbies. An arm of capital management is stop loss usage. It help you to determine your loses so that trades can be closed when it's triggered. When you trade major key points level/pivot point stoploss is important. Many people don't know this that's why am writing to give concrete awareness after doing some study coupled with little trading experience. I hope this helps as many people as it can .
In addition , Below are some simple tips that will help on our journey to becoming a successful trader :
1. Learn how to trade 2. Learn and strategize how to manage your capital 3. Make research on choosing good exchange that will favour your trading. 4. Learn to take profit at intervals
Please add your suggestion for everyone to learn from it. Thank.you
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