I read this almost everywhere. But I read no explanation why so many guru convinced that this is the only way to go in forex.
I can just give my guess, Forex very unpredictable and trader did not expected to figure out direction of the move, so in this case 50/50 (minus spread of course) then if you TP more then SL then you probably will be positive.
I can not find any other sensable explanation. Is anyone actually know the answer why recomended TP>SL ?
I can just give my guess, Forex very unpredictable and trader did not expected to figure out direction of the move, so in this case 50/50 (minus spread of course) then if you TP more then SL then you probably will be positive.
I can not find any other sensable explanation. Is anyone actually know the answer why recomended TP>SL ?
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.