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TOOLS I NEED TO WIN IN FX


In 2010, the year forex was first introduced to me, I'd see it as something that is very easy to accomplish as I monitor prices of currency pairs move up and down on an Mt4 platform. In my poor thinking I believed, only intelligence is needed to key in to the market since price goes up and down. I presumed that if I put a buy as price goes up, i would take my profit when I see it coming down. I was wrong in that thinking. No!! The world 4 trillion dollars market needs a PLAN.
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How to get 50% draw down on Your account

It is actually very easy! Until yesterday I was up 80% for this month contest. I was near top 10 in the standings and my weakest point was equity. Until yesterday I took as a base amount the initial 100 K, but in order to increase capital more rapidly I increased the base amount to 180 K. Same as before I risked 10% per trade. And the losing streak started. When trading on real account it is very important to know when to switch to higher lot size in order to not to wipe out all the profits.
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