Forex Trading Tutorial: When Should You Move a Stop Loss to Breakeven?

This is one of the more common questions among Forex traders. It’s also one of the most challenging to answer because it depends on several variables.
—-
And it makes sense that it’s a common dilemma. After all, who doesn’t want to be in a risk-free trade?

But believe it or not, moving a stop loss too soon can be more harmful than taking a full loss.
—–
Don’t get me wrong. Limiting losses is the key to becoming consistently profitable. In fact, it’s your number one job as a trader.
—–
But letting winning trades run is just as important. The two go hand in hand. And if you cut off the oxygen supply of your trades by moving to breakeven too soon, you’re doing yourself a great disservice.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at agfab2013@gmail.com

Your winners have to pay for your losers. That’s the key to making it in this business.

CONTINUE READING
Source:
Justin Bennett
Daily Price Action
Justin@dailypriceaction.com
43836 Laburnum Sq Ashburn,
Virginia 20147
United States (240) 778-3679



If you need current information on the forex market in nigeria and Authentic Pool information, then consider visiting this site again.


Nomie Autos Bonanza: get 30% discount on any car you buy; hurry, offer exists while stock lasts.
Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535


Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply