Hi to all.
1st post so be gentle with me. Thanks to everyone concerned for a great site.
As a complete Forex newbie (pip-school graduate and two weeks of demo trading) I am unsure when to close a trade. Should I be taking pips when I get them, 5-10 here, 10-20 there, until I reach my target or should I be letting my trades run?
I see +20 positions evaporate and get stopped out but also see my early exits go on to 50/60+ winners!
Damned if I do, damned if I don’t I guess. Any advise would be much appreciated.