The cardinal rule of Forex trading is that you should never add to a losing trade. Most of the time you add to a losing position, you will usually increase your losses. The likelihood of a market reversing itself is small at best. If based on your Forex trading strategy you are convinced there is a potential for profit in the trade that is initially showing losses, wait for that profit to appear before adding to the position.
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July 06, 2008
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This is absolutely true. When i start trading few year ago, this is a habit that i cant escaped with.
Posted by: nimzoindy | August 14, 2008 at 03:21 PM
Hi
Thanks for the post.
This is realy good and true.
Keep it up.
Regards
Max
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