Category: 2. Intermediate Trading Tips
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Run For Profit
You do all the work to find good trading opportunities; intermediate Forex traders may want to think about running their profits. There are many ways to do this however the key is to be consistent. Here are two examples: Using price structure Moving averages Once your trade breaches a key swing level, you can start…
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Scale For Risk
Since I am a risk manager first, my objective is to take all the risk out of any trade I am in. Scaling out at an amount equal to the risk is an excellent way to be in a free trade scenario. In the charts we have been covering, let’s walk through how an intermediate…
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Dial Down For Triggers
The benefits for this are immense and the biggest for me is giving me a lower risk profile. A lower risk profile, if using a percentage of your account for position sizing, allows for a great size. This chart has price pulling back into a zone that utilizes Fibonacci retracements and symmetry. The upper line…