Stop-Loss Realities by Karen Wong
Long hours reading multipart fantasy fiction or binge-watching “Game Of Thrones” episodes can eventually get you. Yes, mythical dragons can enter a trader’s life and show up unexpectedly—when you want to place stop-losses. This leads you to exit trades too early and end up with zero profits. Here’s how to keep the dragons at bay.
In the world of forex (FX) trading, one key factor to ensure your account doesn’t reach rock bottom in a hurry is to have a stop-loss in place. But where do you place this stop-loss? It’s a question that should have an easy answer, but it turns out the solution is much more complex ...