[quote=knoholygrail;5598231]Todays Lesson Is Risk Management. After trading for almost 9 years both demo and real funds since March 9, 2006 and with amounts over $100,000 this Risk Management Method works. Of course if you do NOT have the DISCIPLINE to follow it then do not blame me.
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Thx for the quite educational post. Ive been "trying" to trade like this for the last 3 months. The hardest part is to keep to the plan!
Just one question, how did you come up with 50pips? Isnt this specific to each currency? I mean a 50pip move in one pair might be the daily average while its just 1/2 for another.
Regards,
Vlad
...
Thx for the quite educational post. Ive been "trying" to trade like this for the last 3 months. The hardest part is to keep to the plan!
Just one question, how did you come up with 50pips? Isnt this specific to each currency? I mean a 50pip move in one pair might be the daily average while its just 1/2 for another.
Regards,
Vlad