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Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.
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Determine significant support and resistance levels with the help of pivot points.
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There are two kinds of bets: a good bet and a bad bet. A good bet is defined as having a high probability of making more money than you are risking, A bad bet is when you risk a lot for small or limited gains. As a speculator you should be in the good bet business.Larry Hite