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If you stick to the 1% risk strategy and set your stop-loss orders and profit-taking points, you can limit your losses to 1%, and take your gains at 1.5%, but it takes discipline. Day traders can also incur high fees from transaction costs, so picking the right broker and creating a manageable trading strategy with proper risk management is essential. Since the trade is held for a long period of time commissions are not as much of a factor.
Traders can make the most of their investment with some of the cheapest trading fees available. We continually invest in the latest trading technologies to deliver real-time quotes and executions faster.
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