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My (Non-Scalpers) Rules for Trading Forex - Maybe it can help somebody

Posted on July 15, 2011 at 2:22pm 2 Comments

* Should be able to lose 19 of 20 trades and still come out positive overall

    How many pips are in an average trade?

    How many pips can we risk and achieve a positive 1/20 outcome?


Note to readers: Please note that these are for example and to illustrate a point, even though they do work for multiple-lot traders also.   


    Move: 300 pips

    300 x .5 = $150 dollars (for .05 micro lots)

    300/20 = can…


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