Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a losing trade on the EURUSD currency for -4 pips. However, he explains that there is a lesson to be learned from his loss, as most traders have a tendency to get greedy and either stay in a trade too long, or take another immediate entry against their better judgement. One of the key advantages of the FxPM™ software is that it helps traders in identifying the most ideal price level to take an entry! Armando explains that profitable traders are profitable because of the fact that they know how to accept their losses, and they trade with a defensive strategy while taking mostly passive positions. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.
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Filed under: Daily Learning Moment
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