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Risk /Reward ratio and stop loss

Trading forex market is not easy , you can make profits once in a while but the key question is can you make profits week after week month after month and year after year . A trader can be considered successful if he/she can show consistent returns or profits .
To achieve this a traders trading strategy should give him an edge in terms of risk/reward ratio . A 1:1 risk reward ratio means that a trader is risking the same amount for making that same amount of money . So having a stop loss of 50 …
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GBP/AUD classic head and shoulders top

Hello traderrs,
As shown in the chart Gbp/aud pair is exhibiting a classic head and shoulders top patter with a neckline at 1.6780
A very nice short opportunity is in place if this neckline is broken ,traders can look to go short for a target price of 1.6500 .
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