Tips on how to enter trades with smaller risk | Forex Factory

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Tips on how to enter trades with smaller risk

  • #1
  • First Post: Aug 29, 2022 9:55am Aug 29, 2022 9:55am
Hy guys so basically with my way of trading i have very good areas where i want to take my trades and most of the time even if the price doesn't go as planned from that area it still offers at least a reaction now my question is .Do u have any tips on how to enter trades with a smaller risk or how to take advantage of this?
  • #2
  • Aug 29, 2022 10:24am Aug 29, 2022 10:24am
I always stick to the discipline of only using 2% of my capital and either setting 2:1 or 3:1 TP/SL.
Since you have such good areas... even if the hit rate is only 50% you will be racking in good money consistently.
  • #3
  • Aug 29, 2022 10:42am Aug 29, 2022 10:42am
Quoting cottonmandy
I always stick to the discipline of only using 2% of my capital and either setting 2:1 or 3:1 TP/SL. Since you have such good areas... even if the hit rate is only 50% you will be racking in good money consistently.
yeah i know but i was thinking that maybe there's a better way like splitting my position into multiple or something like this , maybe others have some tips that use in their entry
  • #4
  • Aug 29, 2022 4:06pm Aug 29, 2022 4:06pm
Yes, splitting into several lots with different SL and TPs can also reduce risks. or splitting into multiple currencies, depending on your strategy.
  • #5
  • Aug 30, 2022 4:05pm Aug 30, 2022 4:05pm
Quoting Growth
Yes, splitting into several lots with different SL and TPs can also reduce risks. or splitting into multiple currencies, depending on your strategy.
could u give an example? im not sure i understand how to do that
  • #6
  • Aug 31, 2022 12:44am Aug 31, 2022 12:44am
Hi
you can go to lower timeframe and find optimized supply or demand and make lower SL but set your TP in higher timeframe
  • #7
  • Last Post: Aug 31, 2022 6:07am Aug 31, 2022 6:07am
Quoting Chalesh
Hi you can go to lower timeframe and find optimized supply or demand and make lower SL but set your TP in higher timeframe
well im already doing that , that's why i was looking for some tricks because many times i get fakeout and then the trade goes
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