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.
Your winners have to pay for your losers. That’s the key to making it in this business.
Daily Price Action
43836 Laburnum Sq Ashburn,
United States (240) 778-3679
We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.
Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at firstname.lastname@example.org
Follow us on twitter @newsbeatportal
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.