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PIP Money

Your guide to earning $200 daily through forex trading

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August 2015
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  • About Me

My Preferences

Since I trade very small lots, I’d rather prefer to sit on a position for a few days rather than closing it at a loss. This has worked for me most of the time. And this is why you have not seen any trades closed in red since I started this blog.

The only time I close positions at a loss is when I am truly sure I am positioned at the wrong side of the market. Even then, I try to close them during short bull-run of a major news break to ensure I am able to recover at least the cost of the trade. Pepperstone charges $7.88 per 1 lot of EURUSD.

How I test my hypothesis/analysis?

I have a demo account that I trade on when I am not so sure about a certain pair or it’s direction. The demo account was started at $5k and currently stands at $14k. I am not going to post any screenshots for demo account on this website because that’s going to confuse everyone. If you want to see a screenshot of the demo account, drop me an email.

Time to get back to following the Asian market!

Posted on August 10, 2015August 10, 2015Author OmairCategories Main Account

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Muhammad Omair is a freelance forex trader. His opinions are personal, and do not reflect the position of any organization in which he holds office. Omair's advice is of a general nature, and he is not responsible for any loss that any reader may suffer from following it. Send questions to trade@pipmoney.com.