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    Thread: How many pips difference you keep between 2 deals? (Part 2)

    1. #11
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      I do not open more trade in a day and also do not open trade many pairs in a same time .but some time by see market position i doing two trade not regularly.these two trade is different from more pips an another.and some time i open opposite trade when i face big loss,.


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      if you want to open two deals at the same time then you must keep the difference between these two deals at least 80 to 100 pips


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      I for trading is always in need of a lot of pips because I use a lot is very small so if some pips alone will not generate much profit and if I want to keep obtain again an added advantage. therefore I also feel if you want to be successful again I do have a routine in the analysis and also good at dealing with the way trading is based on the capital and also the lot.


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      Well dear it is depend on money management. I am using 5 pips margin of stop loss because of spread. Many of times the market moves false and gives us loss so we must give 5 pips margin or different in every trade , it helps us from avoiding un-necessary loss.


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      Quote Originally Posted by milon920 View Post
      I do not open more trade in a day and also do not open trade many pairs in a same time .but some time by see market position i doing two trade not regularly.these two trade is different from more pips an another.and some time i open opposite trade when i face big loss,.
      The traders have different means of trades,some would open maximum trades and even open a number of trades at a time.Whereas some prefer to keep it at a low number of trades trading about 1-2 trades in a day.Or some even might trade as a swing trader and trade 1-2 trades lasting an entire week/month.


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      Default depends on the support and resisntace levels,

      Quote Originally Posted by arubh View Post
      When opening 2 deals in same currency how many pips difference you people keep. please give me idea because sometimes I am at loss of 6usd to 10 usd when I should open new deal in same direction in same currency
      sometime its very much profitable to open 2 trades in a single trade and obviously in a single direction, for example i opened 2 trades in audusd with a just 17 pips difference, for the second trade my stop loss was the breakeven of the first trade, that means if both the trades gets stop loss than i will lose only 17 pips and if both the trade goes according to my expectation than i will win higher than twice as i am expecting to open another trade tomorrow on the same direction,


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      Quote Originally Posted by meeftah View Post
      sometime its very much profitable to open 2 trades in a single trade and obviously in a single direction, for example i opened 2 trades in audusd with a just 17 pips difference, for the second trade my stop loss was the breakeven of the first trade, that means if both the trades gets stop loss than i will lose only 17 pips and if both the trade goes according to my expectation than i will win higher than twice as i am expecting to open another trade tomorrow on the same direction,
      I own including one using force averaging traders in the forex market is and I feel with this averaging, trading is likely open a trading position more than one position, but I would make sure first in the trade to get floating plus to open more than one position because this will make me be more comfortable with greater profit opportunities with low risk
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      this type of trading is what is been referred to as hedging and this does not encourage the trader to trade with hedging because doing so will go a long way in reducing your ability to make money from the Forex market because you will have to pay for the two trades and that alone will affect your profits from such trades.


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      Quote Originally Posted by arubh View Post
      When opening 2 deals in same currency how many pips difference you people keep. please give me idea because sometimes I am at loss of 6usd to 10 usd when I should open new deal in same direction in same currency
      Be aware of having too many positions at the same time - they may not only divide your attention, but may also cause you to have more risk on an analysis than you initially wanted (e.g. correlation of currency pairs).
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      Dear friend I never open two consecutive trades in same currency pair at a time.I place one trade at a time and wait till it is concluded.If we open too many trades at a time or take risk more than 1% then our capital will be lost sooner.


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