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Nilde Lucchese

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Nilde Lucchese last won the day on February 12

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About Nilde Lucchese

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  1. Leverage is a loan facility in the forex market. The broker provides the loan to its trader so that traders can trade big even with small capital. However, it is a double-edged sword. It also exposes risk in trading. Traders may even blow their accounts for using high leverage. Almost brokers provide high leverage in forex trading. My broker Eurotrader isn’t any different However, I only use a small portion of their leverage on how much I can tolerate risk.
  2. There are a lot of trading markets in the world. Forex is one of the most popular trading markets. Traders trade world currency in the forex market to make a profit. In the forex market, currency comes in pairs. Brokers like Eurotrader offer 50+ pairs to trade. But traders don’t need to know about all pairs to make a profit. Understanding one or two pairs is enough to become successful in the forex market.
  3. Best traders in the forex market execute the trading plan with less emotion. They all know how to control their emotion at the time of trading. New traders often struggle to control their emotions and fail to execute their plan properly and end up losing money. So, to be the best trader, you need to learn to control your emotion. I learned it with the help of my broker Eurotrader.
  4. There are a lot of learning sources in trading. Many expert traders provide courses which free or need to be paid for. So, traders can learn currency trading in many ways. In my opinion, I prefer free trading courses. I also learned trading from Eurotrader free educational course. Learn from courses and apply them in your demo trading. That’s the way you can master trading risk freely.
  5. Forex trading is a mind game. Mental strength is an important part of success in trading. A clear mind can give you the best opportunity to succeed and make money from the trading market. Meditation help trader to relieve stress and clear mind which is essential to make a sound decision. I always take a break after losing one or two trades. Spend my time taking a quick peek at my broker Eurotrader educational resources to clear my mind and find my mistake.
  6. Forex is an OTC trading market. It opens 24/5. Traders can trade in the market anytime and from anywhere. That’s why it is one of the most popular trading markets in the world. Traders can trade with an online broker. There are a lot of brokers in the market. But I recommend traders to trade with a regulated broker like Eurotrader to avoid scams in the market.
  7. There are many traders who close a trade with a couple of pips to make a profit. Scalping is a kind of short-term trading strategy that involves trading for small pips. Traders execute their plan within a couple of minutes and close the trade with small pips like 2 to 5pips. For this kind of trading strategy, traders need low spreads broker like Eurotrader in order to make a profit.
  8. Demo trading is the best way to start trading. However, many traders often start trading with real account despite knowing anything about trading. As a result, they end up losing every money they invested. So, it is wise to learn first and practice in the demo account. It is a very risky market. People often lose more money than earn. That’s why most brokers like Eurotrader offer a free educational course to traders.
  9. News play important role in forex trading. The market becomes volatile during news releases. Brokers also charge wide spreads during that time. Most of the time normal traders avoid trading during that time. However, news trader sees that as a trading opportunity. However, it is extremely risky to trade during that trading periods. I am also a news trader and my broker Eurotrader give be best trading spread on all market condition.
  10. Forex is a currency market. People come to the market to invest money by trading currency. But in reality, many traders lose money in the market than erring. Traders have to be careful at the start of trading. New traders often ignore the risk and trade without proper knowledge. I recommend new traders at least gain knowledge from their broker educational section. Almost all brokers like Eurotrader provide educational material.
  11. Swap is an interest for holding a position overnight. Swap is both good and bad. It is good for winning position, you may earn money from the swap. But you may lose money with a swap for holing losing position. If you are a long-term trader like breakout traders it may concern you. However, my broker Eurotrader provides a swap-free account if you don’t like swap.
  12. Stop Loss is a feature provided by brokers to limit losses in volatile markets if the price move in the opposite direction. It helps traders to reduce loss. The trader also uses this order as a risk management strategy. Brokers often fail to execute the SL order due to slippage. Slippage is common in trading. But my broker Eurotrader execute my order with less slippage.
  13. Stop Loss is a feature provided by brokers to limit losses in volatile markets if the price move in the opposite direction. It helps traders to reduce loss. The trader also uses this order as a risk management strategy. Brokers often fail to execute the SL order due to slippage. Slippage is common in trading. But my broker Eurotrader execute my order with less slippage.
  14. Novice traders are trading in the Forex market without having any trading plans or money and risk management techniques. That’s why many new traders are losing money and quitting the market. As a trader, you need to have a pre-planned entry and exit strategy before entering the trade. Also, choose a broker like Eurotrader which allows all strategies in the market. One more thing, don't think too much after you enter the trade.
  15. There are a lot of technical indicators in the market. New traders can start with moving average, MACD, ADX, or Bollinger Bands. However, an indicator alone cannot help you to make money. it is a matter of unique preference what you are trying to acquire and education regarding forex trading. moving average is the best indicator in my opinion. However, my broker Eurotrader give all kind of necessary indicator in their MT4 platform.
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