4/1/2024 0 Comments Is mtpredictor any good![]() Even more important is never jack your stop up to far to lock in profit - leave it back and accept short term dips in equity, to make a longer term gain. Next don't put stops to close! This isn't being rash but you need to have stops outside of random volatility, so you don't get clipped out. Leverage up to far and you will have to have your stop to tight and will get taken out by the market noise so cut back leverage. ![]() So what tips can I give you? The first is to cut leverage sure most brokers give you 200:1 but 10:1 is really plenty for most traders. In Forex trading lose 50% of your account and you have to make a 100% to get back to profit and that's hard! In Forex trading picking trend direction is easy but getting in at the best risk to reward is hard. If a team falls to far behind it doesn't matter how good the attack is, the team will lose and it's the same in Forex trading you need to defend what you have and keep your losses small until you get good high odds opportunities. If you watch any good football team it will have a strong defence it keeps the team in the game, until the offence gets an opportunity. Most traders use solid Forex trading systems but they fail to poor money management and really poor money management is the reason most traders lose lets take a look at in more detail.
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