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My Forex Trading Rules

In entering a trade...
My risk per a trade is 1%.
For a $5,000 account,
always enter at 0.01 lot
size.

In a winning trade...

In a losing trade...

I will place a trailing stoploss. A space of 15 pips is


the widest.

I must answer the questions If I see a potential reversal


(found in notebook) of the
is about to hit, I exit the
now moment before
position without hesitation.
entering.
I dont have two positions
going against each other.
Ex. USD/CAD & EUR/USD

I will take a minimum of $20


profit and a maximum of
$50 per trade.

Place a target profit and


place a 10-15 pip stop-loss.
The aim is that your total number of wins exceeds occasional loss.
Anger from losing can drive you to trade again. The market can more likely give you a
beating. Dont trade when angry.

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