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day trading

First loss – results day two

Our second trade was also a Buy entry. Unfortunately the overnight EUR/USD action continued to trend downward and the stop-loss order activated. This is nothing to be concerned about. All successful traders take losses, the key is in limiting the damage.

The 31 pips won on the first trade compares favourably to the 15 pips lost on this trade, and highlights the use of one of a traders most important risk management tools – the stop loss order. Join us at 5pm today (Syd/Melb time) for trade 3.

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