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[2007] Jacob Bernstein - 30 Days to Market Mastery

fxcadet

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Is the 12am GMT or EST? What it means to put 10% in from our acconunt? Thanks Hermes
It is 12am GMT.

10% from account = risk.
Stop-Loss: always 100 Pips.

If you have $1000 balance
and you risk 10% = $100
you need to divide the $100 with the Pips:
$100 / 100 Pips = 1 Pip equals $1

So you open 0.1 lots for the trade
because 1 Pip = 1 Dollar at 0.1 lot-size.

If the trade hits your Stop-Loss, you have lost $100
which is 10% of your balance.
 
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