DislikedMy question goes out to all the experts here who graciously donate their time and help keep newbies from shelling out money for some new "learn how to trade" scam.......I heard a new one on radio the other day that made me wanna puke. So grateful I am for James.
Anyway, regarding the EurUsd. I realize the EurUsd long express had left the station some time ago, however, since the Euro is the predominant currency of Europe, and since the US is currently printing money faster than you can say socialism, does it not make since to just hop aboard...Ignored
Lets say you risk 3% of your account size on a particular trade. If you enter at the bottom of a counter-trend move, you may set a tight stop-loss of 30 pips. If you are in a hurry, and enter now on a with-the-trend move, you might have to set a stop-loss of 120 pips. This means that compared to the with-the-trend move, you can have a 4 times bigger lot size on the other entry, which may greatly increase profitability.
The nail that sticks out gets hammered back in