Setting a stop loss, takes the emotion out of the situation.
Most disciplined Forex traders used stop loss.
Before opening any positions, you must know exactly where you will place your stop loss.
Once you set this up, you should never lower it to keep a position open.
You should always know your profit target before you commit a trade.
Most disciplined Forex traders used stop loss.
Before opening any positions, you must know exactly where you will place your stop loss.
Once you set this up, you should never lower it to keep a position open.
You should always know your profit target before you commit a trade.