FOREX 101 | How Leverage Works and Where should you set your stops?

FOREX 101 | How Leverage Works and Where should you set your stops? Was asked some very basic questions about Forex by a viewer so covering them. Q:How does Leverage work? A: It is a line of credit you get for depositing money in a broker. Typical is 50:1, in that you can secure up to 50 times what you deposited. The mat is covered in the vid of the results of this. Q:What are the mathematical equations used to calculate how much to risk, and where to put your stops? A: Math is in the vid but depends on what you want to do.... Q:Should some currency pairs be avoided, and which currency pairs do you have the best success with? A: Avoid any pair you do not understand its movements, and do not follow a system you do not understand. Q:What website/broker to use for trades (most trusted and potentially profitable)? A honestly this depends on how you want to trade, but I cover as best I can with out misleading in the vid, but I do prefer ones that have Metatrader 4. The problem with trading is it is not purely ado a and then B leads to C. You have a lot to keep track of a lot. But understanding the basics is important as you cant control your risk if you do not understand what it is...

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1. Alsome im a fan keep up the good work.