Here are six essential trading tips to minimize risk and maximize success:
1. Use moderate leverage: Limit leverage to 10x or 15x to avoid excessive risk and potential liquidation.
2. Start small: If you're new to trading, allocate only 2-3% of your wallet size per trade using cross mode.
3. Set clear goals: Define stop losses and targets for each trade and patiently wait for the outcome.
4. Manage emotions: Remain calm and composed, avoiding impulsive decisions based on market fluctuations.
5. Set boundaries: Establish daily loss and profit limits, and cease trading once these limits are reached.
6. Trade responsibly: Only invest funds you can afford to lose, acknowledging the inherent risks in futures trading.
By following these guidelines, you'll be better equipped to navigate the markets with discipline and prudence
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