Too often novice traders start trading with large volume, made possible by excessive leverage - it’s no surprise that the majority quit the market within six months. It’s important to understand leverage and how to utilise it correctly.
Retail traders are the David's of the FX world, taking on the Goliath's that are banks and institutions. This article takes a pragmatic view of what retail traders are up against and where they fit in. There are ways that David can beat Goliath; the secret is having a clear strategy that plays to your strengths.