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Learn the importance of using leverage wisely in forex trading to maximize profits while minimizing risks. Take advantage of demo accounts to practice risk management strategies before implementing them in real trading situations.
Understand the significance of risk calculators in determining the amount you can afford to risk in each trade. Use margin calculators to calculate the required margin for opening positions and managing risk effectively.
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Explore position trading strategies in forex by using fundamental analysis to identify long-term trends in the market. Analyze economic indicators, central bank policies, and geopolitical events to make informed trading decisions and maximize profits.