Your first task should be to decide, based on your capital, the amount of money you are willing to lose and your profit target on a specific timeframe (daily, weekly, monthly, etc…)
Following this decision and prior to entering your first position, you should formulate a risk management plan, determine your reward versus risk ratio, and understand the leverage you are using by your broker. In this article, we will cover those fundamental ‘rules of thumbs’ for a successful trading strategy.
Contracts for Differences
Contracts for differences (CFDs) are widely traded instruments that allow you to trade several products including equity shares, indices, commodities, cryptocurrencies, and currencies. Many reputable brokers like HQBroker offer CFDs on a wide variety of
securities….
