Another Great Scalping Day!
Today, Chief Trader Armando Martinez teaches traders a valuable lesson on greed. He talks about how many traders are able to see points, but don’t take advantage of them in time to see these points benefit their accounts because they stay in trades too long or leave large stop-losses. Armando demonstrates the Forex Successful Traders way by taking +6 PIPS on an active, long position on the EUR/USD currency pair, rather than letting the price come back down to meet his stop-loss. +6 PIPS, he points out, may not seem like much, but +6 PIPS here and there will add up, especially when viewing it in terms of a trader’s account.
Filed under: Daily Learning Moment
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