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How To Use Stop Loss In Forex Trading
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[QUOTE="FXOchartist, post: 293078, member: 90221"] How to determine stop loss sometimes depends on each trader preference, usually traders will reading the chart and looking the price near support and resistance zone to placed stoploss as these area become critical zone where the price probably will reverse. Another way traders to determine distance stop loss using average true range indicator as looking average movement on certain timeframe and using value ATR to determine stoploss. but there are trader who dare to work without stop loss and relying on their strong margin. During trades in my account with FXOpen broker, usually I put stop loss based risk management, so when placed stop loss will analyze support and resistance zone and using pending order to manage specific risk. [/QUOTE]
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How To Use Stop Loss In Forex Trading
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