Leverage helps you increase the amount of money you can win and lose. Used wisely with good money management it is your best friend, used without a sound trading plan and risk:reward strategy it is your fastest way to a margin call.
Everything sounds great in theory, 5% per month, 60% per year - quit my job now just thinking about it :) Consistency, good money management, not over trading, and as a lot of people mentioned = not losing your 20k would be a great place to start.
Oil for sure is going to rise further but unfortunately for all the wrong reasons. Where it's going to stop is anybody's guess. A lot of fundamental issues driving it and it looks like upwards is the only logical direction for now!!
There's a lot of talk about the 55k region then retrace and maybe altcoin season kicking in. I heard another analysis targeting the 75k area !! I think with the market situation at present we can expect a lot more consolidation until there is more confidence in the market. A lot of uncertainty...
Over trading, over leveraged and not managing risk all lead to a margin call which is something a trader never wants to see but probably a part of everyone's learning curve, unfortunately.
Trusting any website or person that tells you they will give you 10 fold returns in a couple of weeks. The 1 thing that keeps me from getting caught (again) is they saying - If it sounds too good to be true, then it is!! I remove PROBABLY from the saying :)
6 years is a lot of time and money to be wasting. I remember reading somewhere before that top traders and investors spend years in college dedicated to, a lot of retail investors watch a few Youtube videos and think they can accomplish the same results in less time. If it's not working after...
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