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True Facts About Placing a Stop-loss in Online Forex Trading

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True Facts About Placing a Stop-loss in Online Forex Trading

True Facts About Placing a Stop-loss in Online Forex Trading

Forex traders will do many things to avoid losing their trades.

For example, if you place an order at $60, whenever the market falls to $60, or you suffer losses of that value; it will automatically pull you out of a trade to prevent further damage to your invested capital.

Follow these 4 facts before applying stop losses:

1) Don’t Place Mental Stop-Losses

Seeing professionals study a market in their heads and place a stop-loss in their minds, is a nice plot for a movie.

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