Here is a simple way to reduce losses and maximize your profit. As you know many newbie forex traders loose money in forex due to lack of knowledge.

1. How to Maximize Forex Earnings And Reduce Losses- forex trading secret.<br />Do you want to learn how to maximize your forex earnings while trading and make minimal losses? The currency market can be unbelievably very profitable and sometime confusing for many newbie traders who are just getting into the business.<br />The first step in maximizing your earnings is to trade by minimizing your risk. When ever you intend to trade you should apply the hedge button on your trading platform. This is an effective way to make sure you end up on top. Make sure you are trading a currency pair that is experiencing a great deal of movement. The USD/JPY is a good pair.<br />Now you should open a trade to buy for example. Then Set your stop loss around 15-20 pips or less depending on your risk tolerance that you can bear or depending on your trading capital. You do not need to worry about setting a take profit at this time, just place your trade for now.<br />After you have done that you will also need to open a trade to sell the same currency pair you open a buy order for. The secret to note here is that you want to have a stop loss in either direction so that you can catch a major trend change and only lose a small portion of your profit. You are essentially hedging your position because you will definitely hit one of your stop losses in either direction or positions, but you will also catch the major trend.<br />quot;
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