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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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2 comments:
what is the reason you stop at -22 pip? The reason I ask is that I try to find out how we can (I can) stop trading from losing. Cause there are only two options for me, after I lost 22 pips in any given day,
1: BE
2: crash my account
We are totally on the same page. I was also going for be or more because I had profit at first. Then from -5 pips I was -8, -11, -16 and I throw down the towel at -22. I was lucky or unlucky that range was small so I couldn't lose/win more on those trades.
So today I don't have answer to your question. Maybe one other day if I stop myself on time with small loss for a day.
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