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heartboy23

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Posts posted by heartboy23

  1. When i trade, i would usually have 2 take profit targets.

    So that when take profit 1 is hit. Which is marked by the purple line. I would have taken my first profit off and shifted my stoploss for position 2 to break even.

    By doing so, i am also on the “SAFE” side. As price may hit Take profit 1 and reverse back down.

    And as i have taken profit a TP1, my 2nd position’s stoploss is shifted to breakeven.

    So i am in a FREE trade.

    So whether or not it may hit TP2. I have already gotten profits.

    In this scenario, i have taken profit at TP1 and my 2nd position has hit my stoploss for breakeven.

    So i’m out for this trade.

    From this scenario you can see that i am not always perfect.

    No one is.

    By trading on the above method, we are sure that our account size will grow consistently.

    Forex Trading Strategies – How I Turned a Losing Trade to a Winning Trade

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