The importance of risk management in trading cannot be overemphasized, risk management helps in controlling potential loss on ones account. Before placing a trade you should follow the essential steps needed for proper risk management.
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Join us on this new episode of Pips and Perspectives we shall be discussing the subject of traders sticking to one trading pair, should traders do that? what are the benefits? Be a part of it and share your experience and thoughts. #dpm#forex#pipsandperspectives#ep2
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When investing, in any of the financial markets the concept is that you find a strategy that works most of the time and in periods where they don't work you can take a break! Going around shopping for new strategies when one starts failing will hurt your confidence.
From the OPEC meeting earlier this month, Saudi Arabia announced cutting their crude oil production by 1 million bpd, this can lead to a lower supply of crude oil leading to an increase in crude oil prices which is their goal. A close above this S/R may just lead to that on $WTI