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London-New York overlap (8am-12pm EST) offers highest liquidity and volatility for optimal trading opportunities.
Start with $100-500 you can afford to lose while learning proper risk management and trading strategies.
Pips measure price movement; spreads are broker fees (difference between buy/sell prices) you pay per trade.
High leverage amplifies losses too. Begin with 1:10 or 1:20 leverage until you master risk management.
Lack of discipline, poor risk management, and emotional trading can override even the best trading strategies.