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(edited by TheRumpledOne 03-12-17 19:00:32)
ALL YOU NEED TO TRADE IS A HORIZONTAL LINE
Oh when to take profits? Where to place stops? Just DON'T BE GREEDY and use COMMON SENSE! Learn some money management.
Yeah, I see what you mean, sometimes greed is the cause of some very bad loses.
I think hedge is better than the stop. Hedged pairs trade better than the regular trades. Stops sometimes are annoying. Like a gamble, no knowledge. Make a deal then stay and pray. Stop is stated over there. This is ridicilous.
Yes, I think control of trader mind not so greed not so fear is the key to success in trading forex for a long term, also as a good money management to control our risk.
My mistakes are commonly 2.
The first one is greed and the second (and more important) is to "stick" in one position and not let myself see what the market is currently saying.
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