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How to Win at Spread Betting: An analysis of why some people win at spread betting and some lose by Alpesh B. Patel, Paresh H. Kiri

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Chapter 5: How Winners Manage Risk

“Whatever you hold in your mind will tend to occur in your life. If you continue to believe as you have always believed, you will continue to act as you have always acted. If you continue to act as you have always acted, you will continue to get what you have always gotten. If you want different results in your life or your work, all you have to do is change your mind.”

– Anon

So how much money do winners start with?

From one FX broker we found too small an account size and your chances of being profitable diminished – presumably because of costs (see the following Figure).

Figure 5.1: Analysis of account size and profitability

Source: FXCm

We found that once a trade had risen 10% into profit, ...

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