Thanks @VincentCaballero. … honestly what i have in mind is a 2:1 ratio i do get you, it’s a sure win if it is 3:1
Well said; this is the most crucial part! If anyone is able to so do, then trading will be easy to him for sure.
Well, there are no sure wins, just high probabilities. If so, everyone would be a forex trader! Haha What you are doing at 3:1 is increasing your profitability. Think retail for a second. If you buy a large TV for 1,500, you can be rest assured that they paid wholesale at 500. There is your 3:1. If you placed 3 trades and lost 2 and won 1, you are still profitable. With 2:1 if you place 2 trades and lost 1 and won 1, you break even. 3:1 is the MINIMUM you should place a trade. I tend to find trades that are much higher, ie 5:1, 10:1 and higher. But set yourself a rule that you won’t break, 3:1 is the place to start.
thanks for enlightenment. … .
What World be the most rewarding Reading When trying to understand the EurUsd ?
Im trying to figure out when the markets opening and closing time and what effects This can have on the instrument im trading.
Thankyou for Your time
Only reading books or web content is not going to help you, implementing your knowledge with demo will give you good result of the market.