Welcome back to another section discussing the fastest ways to burn your account. Do you know which is the #1 that fresh traders would encounter? IGNORING LEVERAGE.
Less experienced traders are often too excited to bet a large amount of money on their standard account while this could be a double-edged sword. If they win the trade, this means they do a good job of making use of leverage. On the other hand, if they fail to make earnings, losing the account is just a matter of time. What we recommend to you is that, DO NOT open a “standard account” when you don’t fully comprehend the market volatility and the principles of leverage.
Don't become a loser, or even a debtor, when you don't have enough trading knowledge.
Martin.phan
