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ForeCastle

  1. Pivot Points for Risk Management

    by , 08-07-2014 at 03:24 AM
    Talking Points

    • Pivots Can Identify Changes in Trading Conditions
    • Stops Should Be Used When a Trade Idea is Invalidated
    • Traders Should Look for a 1:2 Risk/Reward Ratio or Better

    Managing risk is a concept all traders need to come to grips with when creating an active trading plan. This is especially important when trading a scalping or day trading based strategy. Market conditions can change rapidly, and when the market is moving against you, it is better to already ...