Best Place for Stop Loss

Stop Loss and its proper position is the question that I have been asked by forex traders so many times. What is the best place to set the stop loss and limit orders?

Stop loss is a must! You have to have it when you trade even if you are an intraday trader and you sit at the computer and watch the price movement and all your positions are closed at the end of your trading day.

Stop loss position is very important. Sometimes having a tight stop loss will be nothing but a loss because it will be triggered even when you choose the right direction.


Download (112.73 KB)