Friday, September 11, 2020

☝️ Why You Should Set a Maximum Drawdown Stop | USD/CHF and EUR/AUD Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
September 11, 2020
Trading opportunities on USD/CHF and EUR/AUD
End the week on a positive note by taking advantage of EUR/AUD’s range and a resistance-turned-support situation on USD/CHF. Check it!
QUIZ: What kind of stop suits your trading style?

There are four main kinds of stops. Based on your personality and methods, which one should you use? Find out by taking this quiz!

Robopip bagged a measly 1-pip gain this week
One pip is better than zero! Here's how the system ended up with this 1-pip gain despite getting some winners.
Will NZD/USD take the top spot this week?

Looking at MarketMilk's data on the major pairs (1D, real-time price stream), we can see NZD/USD leading the pack with USD/CHF at the bottom of the list. Will this change in a few hours?

"Do all trading systems eventually expire?"
Forum member Kim97 writes, "I recently read that trading systems eventually expire and need to be tweaked or thrown in the trash. What are the reasons behind this?"
Why you should set a maximum drawdown stop

All traders will eventually experience a losing day, so you should always have an intraday maximum trading loss level set. Dr. Pipslow gives us his personal suggestions.

Got a question for us?
Send us a message!
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