💲Trading on a Budget💲 (Part 2) 🔥(Don’t forget to visit our website news-feed http://feeds.feedburner.com/BOBrokerReviews)🔥 Let…

💲Trading on a Budget💲 (Part 2)

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Let’s say that you have made an initial investment of just $200. This is not a lot of money and you can lose it quickly, if you don’t create and follow a good trading strategy. Since you are on a budget, it would be wise to come up with a good money management plan. The best thing you can do in such cases is to set a maximum amount of money you are ready to place on a single trade.

For example, many traders set their limit to 10% of their current bank balance; therefore, if you have $200 in your account, you’ll place a maximum of $20 on a single bet. Of course, you can be even more cautious and set this limit to 5%, but this entirely depends on your personal preferences and trading style.

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⭐Know what your broker is offering⭐

Check the terms offered by your broker

If your plan is to trade with smaller sums, then you should try to find a broker that offers an above-average payout ratio, while also being regulated. For example, you should look for a broker that offers payouts of up to 80%. Of course, the rate of returns is not the only thing you should take in consideration when selecting a brokerage firm.

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