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Apart from haveing a solid trading plan and sticking to it and correct money management, risk/reward. The detatchment from the money is the real silver bullet for trading for me and trading is well and truly stress free for me now. Disclaimer: Any Advice or information on this website is General Advice Only It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks.
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The rule of thumb is to take a number of your winning trades and multiply it by 1.
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It is probably easiest to remember this by looking at a currency pair and saying “1 unit of the base currency buys how many units of the counter currency?”.
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forex learn trading