I'm a newbie. I burned $700 in about 4 margin calls. I stopped trading for a while and now I'm back and I want to trade cautiously. I saw a video in youtube saying that dollar cost averaging can be used in Forex trading. It seems to make sense but I want to make sure. What do you guys think about this? Thanks in advance.
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I believe this should only be used as a last resort. It's always better not to have any negative position to take advantage of other trading opportunities