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try telling your little boy not to play with fire
Only the 2nd strategy. Avoid the 1st as much as you can!
One of the money management techniques that forex trader use is the dependency on charts for making decisions.
am confused, i beleive in the first strategy but i recently discover that the second one is working, the truth is that choose the one that is working for you.By stiking to the first one a lot of profitable trades have turned to loose trade for me, i attach screen shot performance of one system base on second system for you to comment on it.
Try a combination of the 2.
The one will profit in a trending and the other in a ranging market.
Managing your money while trading is trading on track and you need to first identify the objectives right way. How much time you plan to put in for trading in forex?