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Faces losses carefully


Gee Dee

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3 hours ago, FXOpen Trader said:

When we are getting some losses into our trading accounts we will need to make Efforts so that the losses can come down.

To do this, we also need to be able to determine whether our losses are a result of our mistakes or just a normal part of trading. Losing trades are normal; the problem is when our losses are excessive. To avoid the latter, we need to use good risk management.

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  1. Find a broker that allows you to trade position sizes that suits the size of your capital and risk management rules. ...
  2. Do not set your exit levels to how much you are willing to lose. ...
  3. Use limit orders to close out your trade. ...
  4. Only move your stop in the direction of your profit target.
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