CHAPTER 7 - LESSON 2
Once you develop a trading plan, the next step is to execute.
Here is a recommended action checklist for proper execution:
By executing trades and managing your positions according to your trading plan and risk management rules, you can increase your chances of success in the forex market. Stay disciplined and focused on your goals, and be prepared to adjust your trading strategy as market conditions change.
With practice and experience, you can become a successful forex trader.
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Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
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