Opening a lot of trades is not very good for a forex trader because it will lead to incurring large losses. It is more dangerous if you are a new trader to open more than one trade because at the time you are new to Forex you have less experience and you will not be able to control many trades because Success depends on your strategy and the risks that you are willing to take in the market. It is advisable that as a new trader you should open one or two trades if you can afford to take risks. Good
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