Hey Traders, in this session we're monitoring EURUSD for a selling opportunity around 1.1598 area, i'm bullish on USD this week for most pairs, once i will notice any bearish confirmation the trade will be executed.
it's very necessary to take money management in consideration in this type of trades since market movements are more violent on bigger frames comparing to small time frames.
also remember to risk 1% of your account size at each trade. 1% means 100 losing trades in a row will knock you out from the market which more unlikely.
but if you trade without money management and you risk 20% 25% we're not talking about forex we talk about gambling and we talk about 4-5 losing trades in a row will knock you out from the market.
Trade safe, Aim big, risk small.
Joe.
it's very necessary to take money management in consideration in this type of trades since market movements are more violent on bigger frames comparing to small time frames.
also remember to risk 1% of your account size at each trade. 1% means 100 losing trades in a row will knock you out from the market which more unlikely.
but if you trade without money management and you risk 20% 25% we're not talking about forex we talk about gambling and we talk about 4-5 losing trades in a row will knock you out from the market.
Trade safe, Aim big, risk small.
Joe.
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