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    Thread: How many times we should play for the same currency in a day? (Part 5)

    1. #11
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      I think every day the market situation is different, even in each pair there is always a difference every day. If you feel there are similarities, it's just a coincidence. I'm sure it will not happen again and again.


    2. #12
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      you should play as many times as the system you are trading allow you t play and you shoudnt also trade with emotions and feel bad when you loose your trades if you make a loss make sure you learn from it


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      Quote Originally Posted by ericnyamu View Post
      you should play as many times as the system you are trading allow you t play and you shoudnt also trade with emotions and feel bad when you loose your trades if you make a loss make sure you learn from it
      Yes, trader haven't any limitation for trading Forex and whenever trader want to trade in Forex, it is always open for them. If trader want to open position 100 times or 1000 times, trader have a right to do so and no one will stop trader to do it in Forex.


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      Quote Originally Posted by arubh View Post
      How we should decide to open deals in same currency in a day if it is fluctuating again & again.

      For how many pips we should place TP & SL for such deals.

      We should open & close deals for small pips like 20-30 or we should place big like 100-120.

      What is your suggestion & opinion experts.
      Forex gives you full freedom to trade in any currency pair any time. As much you can. It is your choice to trade again and again in any pair or change it. Broker or terminal not bound you in this term. You have to see your capital .


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      for I could probably 2-3 times a day playing a pair, because before I met the target will still be open more positions, but when the opening once the target has been reached, then I will not open the position again, so there's no boss how many times I trade in a pair.


    6. #16
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      I usually only use one currency pair in a day. because I think using a single currency pair sometimes make us have more concentration. I have not used the two currency pairs in one day because I was afraid of the risks.


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      It depends on many factors. What kind of trader you are and what kind of investment you have. You need to have proper money management and have to control risk and reward ratio to be able to be an effective trader.


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      Quote Originally Posted by sharabela View Post
      It depends on many factors. What kind of trader you are and what kind of investment you have. You need to have proper money management and have to control risk and reward ratio to be able to be an effective trader.
      if I think when we have a good knowledge about forex certainly we also have a good manajament money and be aware of the risks and have a way to minimize risk. therefore I think we should always be learning.


    9. #19
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      it is better that you may make one or two maximum trades from each currency per day and grap some pips, and then you can still trade different currencies for more pips.


    10. #20
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      Quote Originally Posted by arubh View Post
      For how many pips we should place TP & SL for such deals.

      We should open & close deals for small pips like 20-30 or we should place big like 100-120.
      I know that stop loss and take profit are very helpful for trading in the forex market, so when i open a position i usually set stop loss and take profit point, SL about 20-30 pips and take profit about 40-50 pips.
      Forex, nothing is impossible ?


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