Trust me. If you don't know how to exercise risk control or in another word, learn to control your trading loss, you'll eventually lose all your margin!

In our FX Mastery Trading course, our trainers taught trainees how to enter on daily shadow. This is the safest way to trade as you tend to suffer from less market swings. Whereas, if you want to enter a new trade within the body range during the intra-day, then you have to evaluate from the 30-min chart for the lookout of wave formation or breakouts. Just in case if you have entered wrongly initially, reading on 30-min chart will help you to make U-turn trading and extend new profits to cover earlier loss.

Human by nature are very much affected by sentiments. Sentiments, in return, occur as a result of environment changes. New traders tend to lose monies 9 out of 10 times because they are unwilling to cut loss. Very soon, you'll agree that this is going to be Mother of all losses! 

Smart and profitable traders always cut short their losses and ride on long wave of profits! If you have been doing something that is different from here, then I reckon you must be one of the 90% traders (losers) in the market!

Always trade to win. If you can't do that, at least minimize your loss. Do not trade to satisfy your greed or ego. If you are confused or harboring vengeance thought (emotional), stay out of the market!

The principle of margin trading is to use deposits (collaterals) to leverage on exponential income return. Losers will practice by using floating loss to wager for zero net profit i.e. betting for market price to return to initial entry level. It's not worth a cent to mention this unorthodox but naive strategy at all!

From my 20 years of trading experience, FX technical features basically consists of channels, ABC waves and flag formations. If you want to capture this market, then you got to be proficient in candlestick foundation forecast, possess power wave literacy, comprehension of Fibo & retracement theory, know the macro fundamentals etc.

 It sounds simple. Either you'll take years to self-learn, get tumbled in it, or cut short your learning curve by seeking a good mentor!

 Finally, let's come back to the first question. What's my stop loss distance upon entering a new trade?

30 pips. Yes, no joke! Well, this should give you a rather safe protection if the entry is precise enough.

Some guys disbelieved it until they saw my trade personally. However, I don't trade everyday. I might wait for few days to a week just to wait for a good entry; or I might make few couple of small losses but one solid trade is all I will wait to spot........either or all of these strategies will fetch at least 1 to 2 big figure profits in price change.

Trading is no magic or holy grail. It's all about having a good set of risk management (skills), market knowledge, humble  practice and lastly, a healthy mindset!