Quote from: mirakal on Today at 03:47:18 PM

Trading using leverage will push you to losses instead of making huge profits. That’s what beginner traders often experienced from trading with leverage. With greed, they usually end their trades in failure while some who patiently trade with small capital, they end their trades with some significant profits. This is good to say that trading outcome does not rely on how small or big the capital is, but it’s how the trader itself carries his mindset and perform his trades with a lot of patience and clear understanding on the market. Discipline is also a key factor to the success of one’s trade.

The one thing about this trading is that with or without using leverage you have the risk of losing as same just that the amount involve is much when you use leverage. Now That’s where things like risk management comes, there are leverage traders that do not lose lots of money like some non leverage traders lose. They calculate their position size well and usually use the stop loss to determine how much they wish to risk and lose in the market, if this is applied you will hardly see the trader losing amounts that they cannot afford.

Quote from: Mr. Magkaisa on Today at 12:34:04 PM

1. Learn to trade with just one strategy

This is one of my common mistakes that I didn't make because I was moving from one trading strategy to another and looking for the holy grail. A magical trading strategy and indicator that will give me guaranteed profit. And the tendency is that we will try many trading strategies that we can find on the internet that are new indicators that are profitable, and if they are not profitable, we will look for something new.

And we don't know that it's not all about the strategy; rather, it's more about how we execute the strategy. And many beginners do not use trading strategies; they just trade randomly based on what they see on the internet or based on their emotions. And this only happens because of a lack of understanding and knowledge about trading.

This is the most underrated advice that some traders do not know, there are different strategies in trading each brings about profits so no strategy bad but to perfect one way of trading it is through using one single strategy. There are even traders that not only use a single strategy but also trade one or two pairs and definitely not just any pairs. This pairs they choose might heave underwent numerous back testing so that they know if the strategy works with it .