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# Give me two minutes of your time and I'll cut your Forex losers by half!

by , 11 February 2014

Traders love to find ways to limit their losses and protect their winning trades.

But the problem is this:

They feel the need to work on convoluted methods with plenty of formulas, numbers and unnecessary
calculations to find ways to limit their losses.

But it doesn't have to be so complicated.

I'm going to share with you a simple method that will cut your number of losing Forex trades by half!

Here's how it works…

Stop your winning Forex trade from turning into a loser!

Let’s say you get into GBPJPY (Great British Pound to the Japanese Yen).

So you buy the currency pair at 171.34 Yen, put your take profit at 171.95 and your stop loss at 171.06.

This means you’re willing to risk 28 pips (171.34 – 171.06) in this currency trade.

Then, add the amount of pips you’re willing to risk in any currency trade, which in this case is 28 pips, to your entry price (171.34 + 0.28) giving you (171.62).

You must watch this level very carefully!

If the currency price hits this level, it will be your signal to move your stop loss up to break even.

Look at the chart so you can see what happens next.

Raise your stop loss so you’ll have nothing to lose!

When the GPBJPY has gone in your favour and it hits 171.62, you should look at locking in a gain or at least breaking even.

So you’ll raise your stop loss from 171.06 to 171.34, where you’ll have nothing to lose and your take profit to gain!

How on earth do they cut your losers?

In a mammoth market like Forex, no matter how well your trade plays out, there are times where the market will turn against you.

So, the trick with this rule is to limit that chance from happening by raising your stop loss to your break even mark.

This won’t cut out all of your losers, but will definitely cut plenty of them out of the equation.

With this rule, your Forex trading will be a lot easier to handle.

I’ve just shown you how to cut your Forex losers in two minutes… Imagine what I can show you in a full day!

On the 1st of March 2014, I’d like you to join me for a full day at the FSP Invest Forex Seminar where you’ll discover the ins and outs of my successful Forex trading strategy, essential money management rules and top Forex trading tips and tricks I’ve learnt in over a decade of trading.

But you must hurry because there are only 14 seats left!

So click here and reserve your seat right now!

Always remember,

“Wisdom Yields Wealth”
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Editors Note: If you'd like to boost your trading performance, success and learn more top insider tips and tricks Timon has learnt over the last decade then follow him on Twitter @timonr.
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