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Basic mistakes to avoid when investing
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[QUOTE="Godslamp, post: 91415, member: 30464"] The distance of your stop loss has no relation to the potential risk of your trade. Risk is measured in a potential loss of your trading account. You have to set the stop distance in relation to the take profit distance and the trade size to get an idea of potential risk. A sure sign that traders don’t know what they are talking about is when they start comparing profits in terms of pips. Pip measurements are totally random and have no value of expressing performance. Pips are relative! [/QUOTE]
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