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  1. 46,902 Posts.
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    Money management is the hardest thing -Its a truism that says 90% of traders will go broke the 10% that dont will have learnt the hard way losing their own $$$ - The hardest thing is cut the losers quickly and let the winners run - Stop losses are essential for the bad trades and trailing stops for the winning ones to lock in the hard earned profits.

    Never have more than 10% or 20 % of your capital on one trade - if you haven't already done so go and read @Freehold education thread from start to finish read it a few times. Forex trading has to be the hardest IMO commodities and indexes marginally easier then individual stocks.
 
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