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Forex Trading determine stop loss
avatar Fxcarebear
Question by: Fxcarebear - 11 Jan 2016, 10:52:08
determine stop loss
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Answers (1)
avatar user 8467
Answer by: Pipmaster - 11 Jan 2016, 11:04:23

if you chose a small pip distance for your s/l you'll get kicked out of the contract more often BUT your leverage is higher and you'll earn more on a winning trade. the whole thing is a very sensible trade off which can be mastered by detailed stats, a good trading journal and constant backtesting. doing all that work will definitely pay off in terms of higher returns without having to improve your basic buy/sell decision model. that's a whole different topic

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