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Hi traders i want to share with you the good stretegy about How to manage the high floating loss or drawdown? In this case if you buy the EURUSD and it is going down then by the hedgin strategy you can sell the other euro cross like EURNZD.By breakeven strategy you can buy the EURUSD at low level and release the both EURUSD trade at breakeven price.What do you think?
Put SL or doing cutloss!
While working on the Forex market, you need confidence, concentration, practice and persistence. After all, not absolutely everything depends on trading systems and chosen strategies. It is quite hard to work and overcome difficulties by yourself, but it will help you in trading and it will become one of the main factors of success.
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Good stop lose can help trader to avoid bigger lose. I think if trader are trade with very good trading plan and trade with proper skill and experience then it is very good for traders trading and they should also use stop lose and take profit.