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Originally Posted by LogicRules
If you don't use stoplosses, be sure to hedge. Don't trade with a broker who does not allow hedging.
Even FXCM allows hedging now.
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That's what I am doing. Instead of using a stop loss or manually close a trade with a loss, it's better to open an opposite order (hedge) so that you will not have too many small losses and reduce the cost due to spread.
With this approach, the money management is critical, we need to have enough available margin to open the hedge position.
Happy trade!