It is a well-known fact that most of the traders who start out – fail. It is said that only 10 percent of those enrolling into the markets make it to the successful end. And that is not that fat from the truth actually.
The most dangerous traders' enemy - leverage
Yes. Only a small percentage of those who start out in the markets make it big. And that is a sad truth. And of course with odds like that how can you be sure that you are going to be the one who is going to succeed and stay in the game?
And I am going to tell you that there is actually a very simple thing that you can do in order to stay afloat – you can be smart and make smart decisions. You can prioritize important decisions and you can read the chart and invest into learning more and more about trading. Kinda like you are doing right now. And one of the most important lessons that you need to learn here is leverage.
After all – leverage and under-funding is one of the key reasons of why most traders fail.
Yes. Yes. We have spotted the main enemy of the beginner – poorly planned budgeting and poorly managed leveraging.
Even though there is no such thing as a proper amount which is going to help you be the most successful, there is such a thing as a recommended amount. And let me tell you – some of the financial experts are feeling pretty strongly about the amount that you need to start off with. Some say that you should not even look into trading without having up to $100.000. And that is quite the amount, I should say.
But with this amount you can be sure that no leverage is going to hurt you and no leverage is going to be a threat towards your trading account funding.
As you have already grasped – we are here today to talk about leverage.
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