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[QUOTE="JimTatum, post: 134987, member: 40530"] Hi, Patience is more important in any kind of trading. You have to wait for the candle reaches the right prices. If the market did not meet your strategy, you would leave the market and spend some time in outdoors. You would expect that the market moves in favor of you before the candle reaches the perfect entry price. Maybe it will be chart-pattern, support and resistance or any other strategy. But your assumptions may be failed because it does not meet the correct entry level and you entered trade at the wrong time. So you have to wait for the price reach the certain level based on the strategy, otherwise, you should not enter into trades. Losses are unavoidable in Forex trading. But your success rate should be higher than failure rate.So don't take in your mind when you face few losses. Without money management techniques, it is no use to do trading. So every trader keeps in their mind on every basic techniques of trading to achieve success. [/QUOTE]
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