How To Set Accurate Stop Loss That Works

[moonchild]

When it comes to stop losses opinions very much diverge and must people tend to have rigid approach towards the whole stop loss issue, which shouldn't be so, in this short article we'll be looking at how to set stop loss that works.

Fixed stop, is a kind of stop that deals with number of pips regardless of were the market is, so for example if you see an entry you just use a fixed number of pips and let it run.

Dynamic stop, is a kind of stop that deals with support and resistance, regardless of how big the number of pips are.

You can use any depending on your trade idea and conditions.