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griffin, griffin,
What you are talking about is averaging down the price or bottom fishing. This is a highly dangerous game to play, DO NOT PLAY forex without stops. Do not add to a losing position.
You are trying to make sure you do not lose, this will not work. Work out your exposure from your stop and that is your risk.
If it drops fast you will have a margin call and lose everything, think smart.
Enter trade from one side and set stop, you cannot win all the time. More winners than losers is the key, let winners run, cut losers short.
do not buy 500k as a beginner, you will become another statistic. If you have 20K account trading 1/2M, you have only 400pips for a wipeout.
The £ has lost that over a few sessions on occassions, unlikely but possible.
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