What Is the 3-5-7 Trading Rule? Forex trading is a fast-paced and dynamic market where disciplined strategies often separate success from failure. Among these strategies, the 3-5-7 trading rule is a simplified yet effective method that helps traders manage risks and optimise decision-making. This rule establishes clear guidelines for setting stop-loss levels and take-profit targets, giving traders a structured approach to navigating market volatility. Understanding the 3-5-7 Trading Rule The 3-5-7 trading rule focuses on...
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Why You Should Use Wide Stop Losses in Forex Trading
Use Wide Stop Losses in Forex Trading The Forex market is vast, dynamic, and driven by a mix of economic data, geopolitical shifts, and market sentiment. Traders often grapple with one of the most critical tools in their arsenal: stop losses. They act as a safety net, ensuring traders don’t lose more than they can afford. While tight-stop losses may seem like the safer option, wide-stop losses offer a more strategic advantage for seasoned traders....
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