the direction of the prevailing intraday trend. However, having a good trading method to help you identify good setups will help you eliminate the need for multiple trade entries. In past, when I run successful forex business, every time meant month and year, for. Thus, it's always best to trade during the overlapping hours of the European/London sessions and/or the New York session. 7 - Now, considering the spread, choose a pair with a tight spread like EUR/USD.
Comments: At this point, I hope that you can see the incredible possibilities that this strategy provides. 5 - If the price goes down again without reaching any TP, then continue anticipating with a Sell Stop order for.2 lots, then a Buy Stop order for.4 lots, etc. The above examples are illustrated using mini-lots; however, as you become more comfortable and proficient with this strategy, you will gradually work your way up to trading standard lots. Trade with money YOU CAN afford TO lose.
How to win at forex every time is a question worth of millions. What you mean by every time To get a solid answer we need to know what every time means. If you most win in the forex market (more than you lose you really have to work real hard. You do not come into the market hoping to make quick cash as soon as possible when you have done little to no work in the market.
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I think this may be a "Never Lose Again Strategy"! 2 - If the TP.9860 is not reached, and the price goes down and reaches the SL or TP.9770. Continue this sequence until you make a profit. I recommend that if you have a 10,000 (or ) account, your first position.1 lots. Thank goodness for the option of trading with a margin account which offers you the leverage to trade like you have so much more than you have in your forex account. If you think about every single trade or position, then the answer is simple. I like this strategy because your overall position sizes (and therefore risk) end up being lower: Original sure-fire strategy position sizes:.1,.3,.6,.2, etc. The truth is, no matter how good you are in the market, you are bound to lose money at one point; but if you do not give up, if you do the right things, if you are persistent and willing enough, you will definitely have. 6 - In this example, I've used a 30/60/30 configuration (TP 30 pips, SL 60 pips and Hedging Distance of 30 pips). If we had to pick one single trading technique in the world, this would be the one! At the time the Sell Stop was reached and became an active order to Sell.3 lots (picture above you have to immediately place a Buy Stop order for.6 lots.9830 (picture below).
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