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| howtowinonforex | 02 Sep 2024 - 15:54:18 |
| 1 Posts |
Stops cant just be placed randomly nor placed based on the position size you want to trade, they need to make sense and be in the context of the price action trade signal / setup and also in the context of the current market dynamics. I won’t get into detail here, but as a general guide, most traders place stops arbitrarily and dont place them at logical areas of the chart with any real though behind them. This will destroy even the greatest trader with the best analysis skills. There is more in my course about stop placement for various trade setups8230 However, being fully aware of what the currency markets are and how they work, and most importantly taking a serious step to learn and be good at trading is what will eventually decide whether you will be consistently profitable or here just to give your money away to the other 2% of successful traders. https://turkiyeforex.xyz/ |
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