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[QUOTE="Shaf, post: 240572, member: 25467"] For most traders, it's the painful experience that comes after a series of losses that makes them realize the value and importance of managing risks when trading. I learnt the hard way that it's far more important to have your capital intact than entering trades in the hopes of making profits and blowing your account step by step. That's what it's necessary that one acquires the right skills before venturing into forex, and it's also easier when you can simplify the process for yourself. For example, most professional traders hardly use indicators but just follow price action trading, and they only use indicators to confirm confluence. This is easier to learn for beginners and you can also learn about places where whales can place their stop loss hunt. [/QUOTE]
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