2. Rob Booker mentioned in his book
The Currency Trader's Handbook,
that he aimed to achieve a 10 pip
profits every day. He never try to
make a ton of money on each trade,
and never will he let himself lose a
lot of money in any single trade. He
talked about defensive fx trading.
A method that made him very
successful today.
How To Break Even In Forex
3. Defensive FX Trading includes
using break even stop after a
predetermined take profit level is
achieved. The action of shifted
initial stop loss to entry price is
called break even stop. This means
which ever the direction the
market decides to move, the risk
after implementing a break even
stop is zero loss.
How To Break Even In Forex
4. While using a break even stop, a
forex trader can also execute
partial close when the first take
profit level is achieved. This means
that he can close 50% of his
contract and can extract a small
profit out of the market.
How To Break Even In Forex
5. How To Break Even In Forex
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