Comprehend what position sizing is and utilize it. Stop loss is not your only device for lessening threat. By adjusting your position size you can utilize it to strike a reasonable stop loss distance also. Take a while to learn the distinctions between stop loss and position sizing.
Trade Idea: GBP/USD - Stand asideAction ForexAlthough the British pound has slipped again after brief recovery and near term downside risk remains for the fall from 1.6525 to extend weakness to 1.6095-00, near term oversold condition should prevent sh...Trade Idea: GBP/USD - Stand aside - Action Forex
Keep the process as easy as possible. Stick to one or maybe 2 Forex pairs at one time. You will have the ability to understand exactly what is going on with them better if you are just enjoying exactly what a couple of them are doing at particular times of the day. You will have the ability to better assess the details by doing this.
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