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Forex trading tips
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Forex trading tips
It’s proved and highly recommended not to trade on Mondays, when the market has recently awaken
Respect your stop and don’t move it “cherishing hopes”
Never risk more than 2-3% of the total trading account
Trend is your friend. Trade with the trend to maximize your chances to succeed.
Running two or more open trades gives an option to close some positions earlier and keep others running for higher profits.
Let your position be open for as long as the market wishes to reward you
Don’t allow a couple of losing trades in a row become a snowball of losing trades. When it is obviously not a good day, turn the monitor off
Never add positions to a losing trade. Do add positions when the trade has proven to be profitable.
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