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General Forex Discussion
Beginner Stop Loss
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[QUOTE="SunbirdChief, post: 20488, member: 10226"] This problem is pretty common among most of the traders. Many things that we do in a demo account are often impossible for us to do in a live account, because of the human nature. Regarding where to put the stop loss orders, I guess that you use technical analysis, so you should determine the stop according to the technical analysis principles. Meaning that you have to find significant supports or resistances (depends whether you open a short/long position) and set the order under/above it. If you find that the stop is too far for you than you can either skip this trade or just open a smaller position. Anyways, you should not let the stop stress you out, otherwise you would not be able to manage the trade appropriately and you lose your money. [/QUOTE]
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