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Risk reward |
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francesco
: 4/30/2007 6:14 AM
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If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread you’re trading on, it’s more likely to be 1-4. Play the odds the market gives you.< ...
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Get to know one cross at a time |
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francesco
: 4/29/2007 9:34 AM
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Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one c ...
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Simulated results |
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francesco
: 4/27/2007 8:10 AM
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Be very careful and wary about infamous “black box” systems. These so-called trading signal systems often do not fully explain how the trade signals they generate are produced. Typically, they show a track record of extr ...
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The clues are in the details |
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francesco
: 4/25/2007 12:16 AM
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The bottom line on your account balance doesn’t tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily lo ...
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Trade today |
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francesco
: 4/24/2007 6:16 AM
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Most successful day traders are highly focused on what’s happening in the short-term, not what may happen over the next month. If you’re trading with 40 to 60-point stops, focus on what’s happening today as the ...
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