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    Thread: At what level can a trader place stop loss?

    1. #81
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      the safe place to place stops is in previous highs and lows, if you can detect these levels carefully, you will not have a problem with stop loss, just put your stops few pips above or below these previous levels, these areras are significants .

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      Quote Originally Posted by malak2016 View Post
      It is a stop-loss real lifesaver for traders in forex trading, where the trader to choose the lowest level so that if it has reached the price to this level are then close the deal, so as to reduce the proportion of risk in your trading thus relieve your temper and start your brain to work with satisfaction and results in a correct observation of the market for you will be sure that in the worst case will not only lose the amount you selected, is also used when the forex traders to fall asleep and leave their positions open. It's no wonder that the trader wakes up the next morning had lost all his money that was not used because it's so volatile price movement dramatically, especially when the date of release of the data and indicators.
      Stop loss is like a brake of a car that the trader can control their losses. The forex market can move any time in any direction. So, the total control of the profit and loss is important. Placing the stop loss is the best policy to protect the big loss. The best policy is to put the stop loss as soon as the trade is placed.

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