That's a good question. I'd have to say I follow the market and try to recognize the trend. However, since I'm new to forex, most of the time I'm wrong.
I usually used to trade 2 mini lots at a time and set 10 pips stop loss which is 2% of my equity. Now, I have decided to trade 1 mini lot with 20 pips stop loss which did work today in my favor, thanks to you guys for all your comments. If I can't ...
Thanks guys for replying. I'm gonna be honest with you all and there are a few things I would like to mention about me. 1. Even if its money I can loose, it hurts loosing it as I never place an order hoping I'd loose. 2. Once I started trading with ...