Trailing Stop Loss, Limit & Take Profit Orders + Strategy Explained: How + When To Use

forextra:

 

What is a Stop Loss?

Forex trading is terribly rapid. In the space of nano-seconds, millions can change hands – this doesn’t just happen once in a while, it happens every day.
Every forex trader knows this, and uses the protection of stop losses so that a major shift in the value of a given currency against expectations doesn’t cost all the money in the account.
Once a trade is set in motion you cannot stop it, except to close the trade. You may not even be able to click the mouse quickly enough to keep from racking up huge losses.
A stop loss closes a…

from Forex Trading Co – Currency Markets Explained: Tips, Strategies + More For Online Traders

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