Breakeven Point
Picture this: you're standing at the entrance of a grand casino, the neon lights beckoning you to step inside and try your luck. But before you take that leap, you need to understand the concept of the breakeven point – the line that separates winners from losers. It's the point where your trades neither make nor lose money, and it's crucial for every trader to grasp this concept if they want to walk away with a smile (and some extra cash in their pockets).