Comprehend what position sizing is and utilize it. Stop loss is not your only tool for reducing threat. By readjusting your position size you can utilize it to hit a practical stop loss distance too. Take a while to discover the distinctions between stop loss and position sizing.
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A good Foreign exchange trading pointer is to stay with your plan once you have a strategy in place. It's not unusual to be attracted by brand-new and miraculous trading approaches. If you were to forget about your plan and chase after every brand-new method under the sun, you'll wind up making bad choices.
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