Take your profits -- even if they are smallA forex trading tip that I find especially applicable in the current climate is this one: Don't get greedy.
Sometimes, it can seem like a good idea to run your profits. Your position is doing well, and you want to take it just a bit further. Right now, though, with volatility high, this could be a way to turn a winner into a loser.
You never know when a currency that is gaining is going to suddenly reverse and start losing. (This is happening with the end of the dollar rally right now.) So, if you have a profitable position on the currency market, it might be a good idea to exit while you are ahead.
There will be other trades.
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