Trade Within your Capital

When trading on Forex, you need to keep in mind that winning and losing are sides of the same coin; it is in your interest to invest wisely. Your investment funds should come from excess money in your savings, and you must trade only with these funds. Proper money management is trading wisely, if you manage your money wisely, you will profit from your trades. Putting all your savings into a trading account is an unwise thing to do; furthermore, putting all the funds in your trading account into a trade is equally unwise. To be successful in Forex trading, you must manage your capital and trades prudently; the use of small margins will help you to keep a tab on things.

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