The Seven Most Important Questions in Trading.

Many beginners ask, "What's the most important thing in trading?" In Forex trading, almost everything is important; there are no trivial details. However, there are several aspects that deserve special attention.

These relate to both the trading itself and some preparation steps. Knowing them will help avoid many mistakes commonly made by any novice trader.

1. Leverage: the higher it is, the higher the risk of trading. More specifically, the greater the difference between your deposit and your account balance, the greater the risk of losing it. When starting out, this leverage should not exceed 1:50, unless you're using particularly risky strategies like scalping.

2. Setting stops - Stop-loss and trailing stop orders are not only mandatory but also set simultaneously with each new position opened.

3. A stop-loss may not be triggered - yes, this is possible when price gaps occur; any broker will state that the trade is closed at the first available price. Failure to trigger can result in a complete loss or unplanned losses; price gaps most often occur on weekends or holidays.

4. Trading with expert advisors - there are no 100% profitable robots; any of them can malfunction and leave you without a deposit.

5. Avoid account freezes - when opening an account with any forex brokerage, check which strategies are allowed and which are prohibited; account freezes in forex are not uncommon.

6. Never risk everything – your broker account should only have the amount needed to support your trades and no more. Don't over-invest; always keep a reserve.

7. Be wary of new brokers – choose only established, large forex brokerage firms for trading.

Following these tips consistently will guarantee you won't lose your money and will even increase your capital over time.