Basic trading strategies You should be well versed with the basic trading procedures, maintain up-to-date information on the latest market news and events, and watch out for big news. Always keep an eye out for interest rate plans, the economic outlook, and such important information. Also, track the currencies you wish to deal with quite closely. Gather as much information as you can.
Put aside funds It is important to know how much you can afford to lose if things go wrong. Never put all your capital into the market in the hope of returning a profit. The general rule is never to risk more than
1% to 2% of your account per trade.
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