Comprehend exactly what position sizing is and use it. Stop loss is not your only tool for decreasing risk. By readjusting your position size you can use it to strike an affordable stop loss distance too. Take a while to learn the differences in between stop loss and position sizing.
USD/JPY Signal- Dec. 18, 2013DailyForex.comTake profit on 75% of the position at 102.64 which should be quite close to the (by then) broken lower bullish trend line, move the stop loss to break even, and take half again at 103.00 and then half again at 103.37, leaving the rest to ride. Long ...and more &raqu...USD/JPY Signal- Dec. 18, 2013 - DailyForex.com
A trader's total approach on the forex market need to fit his or her way of life - that is, the amount of time he or she trades. Traders who watch the market simply a couple of hours a day gravitate naturally towards conservative methods. Traders who invest even more time following task carefully can employ more aggressive, small-margin strategies.
More to learn on trend lines
No comments:
Post a Comment