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Setting Stop Loss and Take Profit Targets
There is a dilemma that seems to confound many retail traders where we see them making this mistake time and time again. This problem is the issue of setting stop loss and profit targets for their trades. Many traders simply set these targets arbitrarily without any principles guiding their actions. Picture this scenario: a trader […]
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Recently, I was invited by a friend to help out the wife on a few matters in Forex After a short tutorial, we identified a trade opportunity and I asked her to open the trade order. What followed was a disaster. She ended up muddling the order and opened three positions on the same currency pair, […]
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