Forex Optimum - review
- Thread starter Variss
- Start date
- Watchers 21
-
- Tags
- forex optimum review
I myself came across it not long ago while surfing the broker sections of the site, the point of it is that when refilling your deposit your broker will deposit a certain amount of money that will keep you from losing your main deposit in the case of a rapid drawdown
It's simple, very similar to what you've already written about, but a little different. You set the SL closely, the price makes a move towards it, fixates the loss, and then goes in the direction you thought it would. In that case you get loss instead of profit. Stops must be installed wisely.
That's correct, closely installed stops in bad, but if they're installed to far that's also bad, because there won't be much use of them. If was already mentioned above about how to install them, mainly you must rely on the strategy or on the support and resistance levels.
Thank you. I've already undertood the importance of stops. A correctly put out stop will 100% save the deposit from a massive deposit drain and help fixate the profit. But it's important that the broker also works as needed and that the stops would work on time. As far as I know, on optimum everything works just great, since it was written about it above.
There are times when even correctly put out stops don't protect you from a deposit drain. I mean that when there's a gap in the market, then it might skip your SL and the loss will be fixated where the price appears. but no one is insured against that, it's a rarity, but it happens.
Similar threads
