Phabbyfundz
Active member
— Be careful with figures that looks too positive; A positive profit margin does not always point to a lasting success, so it is important to investigate how well the broker or trader managed over a longer time frame. Test first with a virtual trading account.
— Allocate a maximum of 20% per trade; it is wise not to put all your money in one trade. Try to diversify risks by only trading 5 to 20% of your total deposit.
— Talk with a professional; try to start a conversation with an experienced trader, either online or in person. Ask what amount they recommend for you to copy their trade, what stop loss they recommend, and any other question you may have, with over 3 million users worldwide you may find that your neighbor is one hell of a trader and later go out for a drink to discuss future investment option.
— Allocate a maximum of 20% per trade; it is wise not to put all your money in one trade. Try to diversify risks by only trading 5 to 20% of your total deposit.
— Talk with a professional; try to start a conversation with an experienced trader, either online or in person. Ask what amount they recommend for you to copy their trade, what stop loss they recommend, and any other question you may have, with over 3 million users worldwide you may find that your neighbor is one hell of a trader and later go out for a drink to discuss future investment option.