If it's 11 pm ET and you're trading USDJPY with a stop that's 50 pips away from the current market... that's insane. The chances of USDJPY moving 50 pips in the middle of the night are almost nil. Why not risk something equally likely but less costly like 20 pips? Learn how to set an appropriate stop distance based on the time of day in this hour long webinar.
How I made a 416.75% return in just 12 months [QB Pro]
Shaun Overton and 1 other participated
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I wasn't born in Texas, but I got here as fast as I could.
I own a forex programming company called OneStepRemoved, but I really enjoy spending my time with family. My hobbies include distance running, reading, learning new math skills for work (seriously) and pretty much anything that is either challenging and/or makes me think.