Margaret Keaton Posted August 5, 2011 Report Share Posted August 5, 2011 One of the most important part of trading forex, especially for beginners. For every single trade that you enter into, no matter what, always set a stop loss. Initially, you can set the stop loss for 20 pips below the entry price with a goal of taking profit when the price rises at least 10 pips. When the price does rise, you can make a decision, either you can sell the currency or you can move your stop loss to break-even. As the price rises you can move your stop loss up or sell if the trend indicates the currency might moves down. This way your bad decisions won’t cost you while you’ll get the maximum profit from your wins. Quote trading automatique Link to comment Share on other sites More sharing options...
bulastika Posted August 14, 2011 Report Share Posted August 14, 2011 As long your stop loss is much lower than your profit sell your good. Theirs a big chance that you will loss many times than earning. That why stop loss is important and if you can find way to sell it with great earning the better. Quote Link to comment Share on other sites More sharing options...
Estella Posted August 17, 2011 Report Share Posted August 17, 2011 The good thing about utilizing an automated Forex trading system is its ease of use. If you are a newcomer, this minimizes the lengthy learning curve. It is also easy to use and simple to install. Quote Link to comment Share on other sites More sharing options...
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