how to stop loss in forex trading?
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By the predetermined closing price
Observe the market until it reaches the predetermined stop loss you set when you started the trade.
observing the market is a huge step to prevent loss and also learn when is the right time to trade.
Stay updated on market conditions and analyze price movements
OBSERVEYOUR TRADED WHEN IF ITS A GOOD TIME TO STAY STILL OR ITS TIME TO EXIT YOUR TRADING PLACE.
observe forex market so you can prevent loss
By observing the market
By observing the market conditions and price movements
By observing the market conditions and price movements
Observing the market is an important step in avoiding losses and learning when to trade.
Set a predetermined price level at which an open position will be automatically closed to limit potential losses.
Be observant and keep updated on news
A stop-loss order in forex trading is placed by specifying a predetermined price level at which an open position will be automatically closed to limit potential losses. When the market reaches the specified price, the stop-loss order is triggered, helping traders manage risk by exiting the trade at an acceptable loss.