How Forex Trading Hedging Volume Could Plunge You Into Big Debt?
We have some news today, we have some things coming up after the stock change open in New York, so I think the bigger moves today could happen a little later, so it might be wise to be a little bit patient as well until the price develops a little bit and not be in a rush especially because The news of the NYSE opening and the fact that Friday is fine, Friday may result in a slightly later period as most of the moves can happen a little later.
How Forex Trading Hedging Volume Could Plunge You Into Big Debt?
We’ve seen this many times before as well here Okay, so yes sir uh, let me see what we have in the building with us, thank you for the love, thank you for the support regardless of that, there are still a lot of messages, beautiful messages as well, so This is unbelievable, well, yes, you can win 12 times in a row and then lose 2 trades and be the worst trader.
If you can’t, if you can’t handle that, you shouldn’t be in this game, you shouldn’t be on a forex trading site, you shouldn’t be on a forex trading site, you shouldn’t be on a forex trading game if that’s something to worry about. truly.
Let me see what we have here in Forex trading, number one, of course, yesterday, you know what happened right, we shorted, we got the 4our zone here, we sold off at the end I got the Lo went uh, the price was pushed super strong Here uh there was no follow through that initial uh Ute broke out ud and now it followed through and it turned around and filled it and turned around and the price went up well.
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We were doing well should we expand to our short position yes or no it’s good that we didn’t do that well so even though we were able to keep it within our risk parameters this is the most important part so at least you know that we We know what we lose.
You know, it looked perfect with our balance, well the only unfortunate thing is that we now have two losses right oh, and what happened is we start increasing our risk so buy small profits when that happens right the worst thing is that you start increasing your risk And you start losing money or you start losing trades, so anyway, that’s all part of the game.
Here we realize that we’re all always collecting information and data now first and we have a long-term view, okay so that means we just start with you know, 1% per deal, 2% per deal, we’re now at 4 to 5% per deal, and we’ll scale it up to About seven or eight and I said before that I need to experience a bit of a losing streak as well, so I know what kind of worst case scenario it’s going to be, so I don’t back up my account and screw up my account.
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This is practically the rule, so again everything is still fine, this is still a reasonable 4% that’s perfectly fine to work with at least Okay, so yeah man, it’s very important not to expand until the next 50 to 75 trades on Least, so we have to stay within our parameters here at least for our main account.
Now, okay for the New York session, let’s talk about forex trading and let’s talk about a couple of things here man, so first off, we’ve now created this new trend to the upside of course we’re looking very strong and we’re probably going to slow down here and we haven’t capitalized on anything from our key levels But we are very close though, so it is interesting that we now have the top of this range and we have to understand the stops of this range.
Not a place I would want to buy anything above it and probably anything above that. The area could be a continued play for me, well above this high, especially since we all know the weekly chart is bullish now and the daily price is still bullish now, so that’s practically obvious but more importantly is the inside rally that created this massive expansion At the bottom.
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We’re now taking advantage of that upper swing point, so anything above that I would say yeah, buy here maybe if you come back down and pull back to any of our key levels below, maybe continue to buy there right but consider that longing now and Then it goes to that level and I think it might also be a little bit on the risky side after that massive expansion yesterday, and we’ve seen what happened on Friday a few times before after Thursday’s rally.
Even though I set a risk point, for example, an arrow that goes in one direction and comes out, I get out of it. Break Even. These are still scenarios that happen to me and are repeated very often, and the exit of the Break Even sometimes remains in the circle and brings it right, because, when an arrow comes out, it comes down and comes after it, and it does not come in examples. It happens that it is a share that you entered into and secured a portion of the profits.
I raised the stop loss at a certain level at that time, and Break Even didn’t let me out on the rest, so I got a small gain because I didn’t secure all my profits at my target. In a scenario, I could exit on the first transaction because it entered and went away, and I fell into a violent situation. I could make even a small loss with a very small loss and re-enter. Another point might be better than the first point, which could then bring me better profits.