for a intraday trade . Just proced with 35/40 profit stop loss ratio 1:2
Trade multi currency with lower spread. Example trade 3 different currency 35 pips * 3 + 105 pips profit. while exit trade , you can monitor /setup again the trade to earn another 35pips or 40 pis in the opposite direction . you can refer to the movement on dat currency on dat day by analysis the chart. 4hr/1hr/15min &the 5 min chart to increase you profit.
How do you do this trade in order to maximize your profit?
Any opinions and suggestions?
Well mate the thing about intraday trading is that you really got to be focused. I know the pain cause i left for a while and decided to have a game of football with my kids. When i came back to the screen, man i almost tore my hair out. My stop loss was hit and it was for multiple trades as i diversified into 2 different currecny pairs!
I don't have that much hair to start out with so i think the best would be to have some really tight money management rules and not get distracted