
Originally Posted by
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quote The older school camp promotes SL's, 2-1 risk reward ratio, and basically just using Weekly, Daily, and higher time frame charts to make trading decisions (position and swing trading). Being an FXCM client, this philosophy is all over their internet site DailyFx, and the setting of proper SL's and proper lot sizing are staples of their eduional menu. I have read other Foreign Exchange internet sites' eduional articles, and they market comparable rules of thumb with respect to SL's and stop dimensions. And I have no problem with this for all those kinds of trading...