Another issue in forex education is surrounding margin requirements. Some education systems purposely leave out margin curriculum altogether. This allows the company to show ﬂexibility in its system when a trader is margined out and is looking for someone to blame.
Margin requirements should be clearly and thoroughly taught before the trader experiences it with a loss. Good coaches and trainers have this clearly covered in their curriculum and will insist on you understanding it before risking real money.
A good way to spot margin issues with a trading system is to make sure margin requirements match up with stop loss positions. If the margin would kick a trader out far before the stop loss, it may simply be an oversight by the educator. However, if they get this basic step wrong, it becomes a glaring red ﬂag. Ask yourself, what other compromising practices will they teach you?
Now, what should you look for when choosing a good day trading strategy?
The ﬁnal topic to be discussed is how long or short to make them. When identifying an exit strategy, remember that almost every strategy has many variables going into the equation. This can make it hard to plan ahead, which is why some educators determine their exit strategy at random.
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