7 Profit Multiplying Trading Strategies Of Successful Traders
What separates successful traders from unsuccessful traders? From this, we’ve distilled some of the best practices successful traders follow. If you guessed that Trader #1 is the super-successful, professional forex trader, you probably guessed wrong. In fact, the portrait drawn of Trader #2 is closer to what a consistently winning forex trader’s operation more commonly looks like. But in order to enjoy that trade, you have to have sufficient investment capital in your account to profit from such a trading opportunity whenever it happens to come along. What is the 1% trading strategy? The 1% rule for day traders limits the risk on any given trade to no more than 1% of a trader's total account value. Traders can risk 1% of their account by trading either large positions with tight stop-losses or small positions with stop-losses placed far away from the entry price. Varying time periods (long, medium, and…
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