I flipped through other forex book, and gained some good insights:
- Its recommended to trade with 3 lots, you get good flexibility to buy or sell a portion of it. - an alternative is to use trailing stop. That means to regularly set stop loss, which also have enough allowance for small movements. It is also linked to the last point, which is to focus on not losing money.
- in terms of currency, buy the strong, sell the weak.
- Focus on not losing money. - maybe that is what Conrad always meant by defensive trading.
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