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Category Archive for: ‘Risk Management’

Setting Your Forex Profit Targets: Part 1

Posted in: New Member VITAL Info, Risk Management, Trading Basics|July 20, 2011

Do you set REALISTIC profit targets for yourself or do you run with the masses and shoot for the moon? I’m sure you all have heard the saying, “Fail to plan, plan to fail,” right? I cannot stress enough how true this is when it comes to your success in trading Forex, be it my …

How to Close Half of Your Forex Position

Posted in: Risk Management|June 28, 2011

I often ask clients to close half of their position and move stop losses to breakeven. This locks in some profits and allows your trade to either go on to take profit or run with the trend if you like to trade without targets.