Over leveraging is one of the big trading mistakes, if you have just started trading higher leverages will not work well.. Instead start with low leverages and gradually build your trading skills and benefit from high leverages.Over leveraging and trading against the odds will also ruin the traders journey of success.
Yeah, you're quite right. I guess practicing is the best thing ever a trader can do. It helps to understand the main laws of this activity and on initial stages practicing on demo can prevent lots of serious mistakes which on a real account can cause a deposit dumping.Don’t do live trading until you fully understand what you are doing, practice practice and practice on demo first
Yeah you're absolutely right. It's so significant for every trader to check economic calendar mainly because his income directly depends on news which was released at weekends. However, it also depends on what type of trading does a trader prefer, you know. If we speak bout short-time trading then there is no need to check economic calendar because it would be better to use technical analysis for such type of trading. Even when there is a high volatility, there is a chance to make money. Well, if we speak about medium/long time trading then of course news matters a lot in this case. Just keep these schemes.Don't start trading on Monday before checking the economic callendar for the entire week - getting surprised by high volatility caused by a big economic event you had no idea about can be very unpleasant.