Money Management is key

in Account Booster 👍3 years ago (edited)

With certain brokers or as some may describe as the market brokerage the platform that link's you to the forex, stock, crypto worlds respectively but not limited to this providing you with an option called leverage which in turn helps with when you basically don't have a account for trading reasonable sizes.

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This function is similar to magnification of your funds by means of technology which makes it seem as if your funds may have been doubled or tripled to prevent margin calls or you blowing your account.
Imagine investing $10 this becomes
1:50 = 10×50
1:100 = 10×100
1:500= 10=500
In turn you have to divide your profit by the amount of leverage your account is set to. In the instance of trading with the funded account I am planning to join it has a fixed leverage of 1:100..

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I have seen this type of service on pages such as https://www.fxgiants.com/fxg/ with which to secure your cryptocurrency and some actions that you have in the account is a great idea but above all it is risky because If you are the cause of losing certain things, you may get in trouble.

There is no trouble once you have practiced proper risk management. Once you realize that you may win the battle the war is no over. Trying to make a million over night may depend on the chances you have to make anything at all.. don't spend what your not willing to lose.

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