Just cant get in several trades with tons of lots....if you start in a mini try to start with 2k or so...anything less you have to trade one lot at a time...at least i would..start small and build your account and in time youll be trading more lots and the cash will grow faster
When they open Sunday ask somebody in live help to assist you in setting your RSI vale to 14,0,0
When do you all let go of a pair that is going the wrong way?
IE: You buy a pair as soon as it crosses with a 35 RSI. You have set your limit at 20 pip.
The pair goes up to 10 pips then down to -20 pips. You wait until 4pm and it is now down 50 pips. You have 2000 in your account.
How long should a pair be held?
A 50 pip move against you is nothing...trust me..
I dig in...each pair has to be looked at to find supp/res..ive been able to work out of just about any mess...if you have 2k in your account and start a trade with 2 lots you got a ton of wiggle room and will be able to wait out any kind of move against you...but this is how i do it,it may not be for everybody...but thats why they offer practice accounts start a practice account with what youll be able to fund a real account with and give it a go...
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