monetary policy, such as adjusting interest rates. Traders closely monitor inflation data releases and central bank announcements to gauge the outlook for a currency. Another important economic indic...
across different currency pairs. This can help spread risk and reduce the impact of a single trade going wrong. 3. Manage leverage cautiously: While leverage can amplify your profits, it can also mag...
decisions. Stay disciplined and stick to your trading plan to avoid making impulsive decisions that could jeopardize your capital. 7. Practice good money management: Implementing sound money manageme...
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2024-09-20 05:59:10