Let’s Talk Forex with Alison and Chris
Business:Investing
Forex trading is a high-risk venture and good risk management is the key to success, but could an over-cautious approach lead to larger losses or prevent you from progressing in your trading? In this episode, Alison and Chris discuss scenarios where traders hold back, only to realise larger losses in the long run, causing untold frustration and damaging their trading psyche. They also discuss ways to manage your trades effectively while risking enough to make them worthwhile.
Links to educational YouTube videos as promised in this episode :-)
https://youtu.be/ZLWvIA-4-O4
https://youtu.be/qH5HAUlqSwI
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Avoiding Beginner Mistakes - Part 2
Avoiding Beginner Mistakes - Part 1
Why are some brokers better than others?
How to tell a scam from a serious Forex broker - Part 2
How to tell a scam from a serious Forex broker – Part 1
Head to head: Exness vs XM
Read the fine print - Non-trading fees
The cost of trading
How to pick your trading platform
How to minimize risk when trading forex
Why should you trade with a regulated broker?
The fundamentals of trading
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