Understand exactly what position sizing is and use it. Stop loss is not your only tool for lessening risk. By readjusting your position size you can use it to hit a sensible stop loss distance too. Take some time to find out the distinctions between stop loss and position sizing.
GBP/JPY Technical Analysis: Bounce Runs Into ResistanceDailyFXThe British Pound moved lower against the Japanese Yen as expected after producing a bearish Evening Star candlestick pattern. Prices recovered from rising trend line support set from late May to test the 23.6% Fibonacci expansionat 174.32, with a ...and more »...GBP/JPY Technical Analysis: Bounce Runs Into Resistance - DailyFX
If you are brand-new to forex, start by focusing on a single currency pair then expand as your skills enhance. When you first get in the world of currency trading, professional traders suggests that the very best means to practice and tone your trading skills is to trade only the most liquid and widely traded currency pairs, in the beginning.
Explore more about Japanese candle stick patterns
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