Here is a tip to all newbies and those who still struggle with trading:
Stay out of this pair unless you know what your doing!!!!
Some many not like that statement but consider the facts: this pair has moved some 500 to 800 pips in a day, if your using a stop, you will most likey be stoped out.
Has the abillity to move 100 or more pips very quick.
What is happening in this pair and why? If you cannot answer should you be trading it?
but that doesn't mean they're risky
this is one of the worst trading videos in youtube. You just usea a blackbox system to generate the signals and dont explain them. Actually you yould just generate the signals automaticly with the computer, since you are doing nothing but a tranfering the buy signal from one system to the trading system...
What is a Pip ?
pip is the small price increment in forex trading .pip stands for percentage in point.Prices are quoted to the two decimal point in the jpy forex market
Stop loss
Stop loss is one of risk control tools u can use , but its not the only tool u can use , plus that we enter our positions from a turning points levels
5:38 PM
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