how to trade foreign exchange
The most successful traders with the most followers and the most equity that they manage and who are occupying the number one and two spots at most Signal Providers do NOT use any Stop Losses or use VERY large Stop Losses. When the number one Signal Provider at of the largest signal providing organization in the world was asked why he does not use Stop Losses, he replied that he managed large draw downs manually and will not change a strategy no Stop Loss that has been working for years. The number one Signal Provider at of a broker service that claims to have the biggest social group of signal providers in the world claims a 100% win ratio, and he also uses VERY large Stop Losses of sometimes as high as 1000 pips and a low profit per trade. 3850 1. You can lose three months of profit in one loss trade!I know – it has happened to me. So what is going on?This does not make sense!Well, the first thing that you must be aware of is that my references are dealing with contestants in trading competitions, Signal Providers that want to impress possible clients with a close to 100% win ratio so that they can get more followers, developers of automated systems that want to sell more of their robots, etc.
currencies exchange
I will use two charts; 5 min and 4 hr.
top trading platforms
You give them one currency in exchange for another at the prices decided by them.
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how to trade foreign exchange