Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a trade on the EUR/USD currency pair that nets him +9 PIPS of profit in less than two minutes, while explaining the mechanics of the FxPM™ software. He explains that when placing stop-losses, there is a default of -20 PIPS ready to be set so that traders can immediately limit the risk on their trade before the market moves against them. He explains that this “disaster stop” is what could’ve helped a trainee on our own floor who left their trade open overnight, only to find himself down -130 PIPS in the morning! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.
Tagged with: learning moment
Filed under: Daily Learning Moment
Like this post? Subscribe to my RSS feed and get loads more!