Hollywood Hollywood lifestyle is closer than it seems - get it right on screen of your device. Dream big - it all starts with a pretty image you see every day. It’s important to repeat and remember over and over: risk management is one of the most important things in Forex trading. Let’s start with the basics - with stop loss that everybody has heard about.
Sometimes it might be challenging to monitor all your open deals, and it’s especially hard to acknowledge that one of your deals may end up closing not in your favour. That’s where stop loss comes in handy - it will do all the albania business email list work and won’t allow you to lose more than you are ready to lose. There are no strict rules when it comes to setting your level of stop loss - some traders prefer to place it barely outside the daily price range of an asset, whereas others might set their level much further into the loss territory.
However, there are some strategies you can apply to your trading style and see what works for you better. Multiple stops This strategy protects your open deal from slippage - quite an unpleasant surprise for many traders. That’s why some traders prefer to set multiple Stop Loss levels - each of them a bit further from the current price. Even if a sudden price drop slips through your first or even second Stop Loss, the third one will be there to protect your funds.
Hollywood Hollywood lifestyle is closer than it seems - get it right on screen of your device
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