Mandatory Checklist Before Starting Trading

Trading has a very high risk, therefore traders, especially novice traders, must prepare several things before starting trading. Some of these things are needed by novice traders, such as:

Choose a Broker

Choosing the right broker when starting trading is very important. This is because there are many scam brokers or scams. This broker is responsible for transaction activities, both sales and purchases made by traders. In addition, he is also in charge of analyzing stocks, economic conditions, and making recommendations.

Fund

Funds in trading are also very important and need to be prepared by traders. Capital or funds that must be used for trading at one time are 5%, 3%, and 2%. The percentage of capital shows in one time,

Trading Type

The thing that must be prepared by novice traders is the type of trade that will be traded. The type of trading is closely related to the character of a forex trader. The character of each forex trader is also different from each other, which is why the types of trading are also different. However, there are still many forex traders who do not know what type of trader a real trader is.


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