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6 Comments

  1. Jim-Reply
    July 7, 2017 at 4:09 pm

    Hi Charlie
    Nice trade example with good demonstration of risk management and patience.
    Do you find that trades often go to target on news releases?
    I ask because I’ve seen many advise to exit trades before news releases, but you held through it.

    Regards,
    Jim

    • Charlie Burton-Reply
      July 7, 2017 at 5:28 pm

      They can do yes but obviously some turn around and go the other way. I’m not fussed about holding through news in this current environment but there’s always the potential for slippage if it goes against you. So if planning to hold through new, always allow for slippage when assessing what position size to put on.

      But having said that I’m normally flat going into something like NFP or central bank rate decisions if day trading, obviously swings are fine…

      Charlie

      • Marco-Reply
        July 7, 2017 at 7:59 pm

        I don’t know if your brokers don’t, but if I want my broker protects my trades from slippage, in other words they execute my exact stop loss even if the price jump the level I wanted like in NFP cases for example. They just add 2pips as a fee for the service, I use that a lot when I want to use the NFP to gamble a bit, I admit 😉

        • Charlie Burton-Reply
          July 7, 2017 at 11:02 pm

          No I trade in the real market so don’t have that sort of function.

  2. craig-Reply
    July 8, 2017 at 12:36 pm

    Hi charlie, basic but had to ask, when you say 1 unit are you referring to a discretionary amount per point as in spreadbet or do you CFD trade? If so why cfd over spreadbet?

    • Charlie Burton-Reply
      July 8, 2017 at 1:07 pm

      Just habit saying the word unit. I trade fx lots do one unit is one lot

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