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How to and Why Breakeven
Have you noticed that there are times that your entry doesn’t hit your Take Profit (TP)? And instead of gaining pips you end up losing pips? Or there are also times that you have TP 1 and TP 2, then although it hits TP 1 and seems to think that you are confident enough that the it will hit TP 2 but only hitting the SL. To clearly picture out this situation, let’s say that you have a BUY entry on EURUSD at 1.09000 with 2 entries: Entry: 1.09000 SL: 1.08700 TP 1: 1.09200 TP 2: 1.09700 Gaining or Losing? Let’s assume that TP 1 hit, then you have…
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How to Follow Forex Signals
As what we have learned from previous article Ways to Forex Trade for Beginners and if you are planning to follow some of the Telegram/WhatsApp Channels or other services offering forex signals were you manually do the entries on your MT4 or MT5 account, here are some few tips on how to follow them. Abbreviations Before that, note that these are the abbreviations often used on this article: TP – Take Profit SL – Stop Loss BE – Break Even BE+ – Break Even plus (some pips more that the Break Even) So here are the steps that I have learned following signals especially on those good channels offering. …
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Forex Trading for Beginners
In past two years of learning and trading forex, I really learned in a hard way that controlling the emotions is really a good training when we are into trading. So these are the possible ways to do trading for those who want to start directly. ROBOTS or EA Robots or EAs may be a good start but the problem on this approach is that there are times that these cannot predict the market, especially on High Impact News or there is an NFP. Thus there is a high risk of blowing the account on this. So most traders using this approach recommended to pause or stop or not to…
