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Percentages, Pips, or Dollar amount for measuring your trades?
The following three approaches are the most commonly used by traders for measuring their winning and losing trades.
There is a great deal of debate among traders for which one of those three is the right approach. They all have their use in different situations and would probably be best suited for different cases.
Some traders who prefer to have every aspect of their trading clearly defined may like the percentage-based approach, but as we said, it clearly has its disadvantages. Traders who like convenience and more flexibility, on the other hand, would probably prefer some form of a monetary amount approach to measuring their traders.
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