Important tips when entering the market
Strategy for entering trades – (Gold / Bitcoin / Currencies) First: Capital management • For every $200 in your account, enter with only 0.01 lot. • Each deal consists of two contracts. • We take from the deal 100 to 150 points only, divided into 2 or 3 targets, to avoid confusion and too many targets that waste profits. After achieving the first target, the decision is yours, and you have 3 options:
1. Close the entire deal.
2. Close half of the contract.
3. Secure the deal (meaning move the stop loss to entry).
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Secondly: Conditions for entering the deal
• You must be convinced of the deal and agree with your personal analysis.
• You are not allowed to play with the lot size or enter randomly as if you are trying your luck.
• Fix the lot size in all trades.
• If you cannot accept the loss before the profit, it is better not to enter in the first place.
• The stop loss should be placed before the target, and it is strictly prohibited to move it regardless of what happens.
• You are not allowed to enter any deal that is not written with clear targets and stop loss.
• If you cannot adhere to these conditions, then the market is not for you.
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