Trade Management for Forex Trading: When You Should Start Managing It Manually As a Forex Trader

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Should you manage your positions when trading forex? If so, how should you do that? In this forex trading tutorial video, I address this question.

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No matter what kind of trading you are doing (day trading or swing trading), trade management is crucial. It can mean the difference between exiting a forex signal in profit versus losing money in that same position.

Forex signals generated via a trading system still need a form of trade management where you have a predefined exit plan. If you want to be a profitable forex trader and use technical analysis effectively, then having a systematic trade management plan is crucial.

Trying to learn forex? Here at Financial Market Wizards, we do plenty of live forex trading videos such as this. In our live trading telegram channel, you can see how we do forex trading live.

Watching us day trading live is the best way to learn regardless of whether you are into swing trading or day trading. Live day trading signals are sent in our telegram channel so you can follow our forex live signals.

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