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Forex DeMYSTiFieD: A Self-Teaching Guide by David Borman

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Chapter 5

More Tips on Forex Trading

CHAPTER OBJECTIVES

In this chapter, you will learn the following:

• How to diversify your Forex portfolio

• The best way to close out a profitable trade

• The best time to keep a trade open

• How to trade long-term Forex trends

Low-risk profiles have various options to help fine tune your portfolio, including diversification, when to unwind a position, and when to roll winnings into a new currency pair direction. The key to a successful Forex account is building your profits to get some real money flowing out of it on a daily or weekly basis.

Diversification Is Critical

When aligning your FX account to a low-risk profile, think about the appropriate amount of diversification under your one-third margin ...

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