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You want to make sure your take profit level is higher than your stop loss level, otherwise your wins will not outweigh your losses. -
it takes a lot longer than one year to really become experienced with the forex market. You need to be very serious about it over a very long period of...Leave a comment:
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It is a very good idea to limit yourself in order to stick to basic trading rules. Overtrading can be very dangerous and it is always a smart idea to...Leave a comment:
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It is possible to make every trade profitable but there is no use hedging your losses instead of cutting them. It only uses up your equity which you could...Leave a comment:
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Slow and steady wins the race. You have to be paitent if you want to make it in forex. Otherwise you will make too many losses....Leave a comment:
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I think yesterday's huge rise says it all. Did you make money on the huge jump? I sadly missed it because I was out with family....Leave a comment:
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Controlling emotions in any business is key, especially in forex trading. I think if we can stick to a system and control your trades you should be able...Leave a comment:
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Mobile trading is very helpful when you are busy and cant be in front of the computer, but which phone do you guys think is best suited for it?Leave a comment:
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How do you asses that there is likely to be a retracement before the rise? With the really large rise yesterday Id assume there is atleast a small rise...Leave a comment:
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I agree with you. Following the trend makes you quite a bit of money. However what do you think is the best way to be sure of the trend?...Leave a comment:
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Scalping is never an easy thing to do but the only way to get experience is to start and fail. Keep trying until you can make a strategy that wins more...Leave a comment:
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Did you mean eurusd? the gbpusd rate isnt that low, it is not going to fall to 1.3.... anytime soon. It would take a very long time even if it did....Leave a comment:
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