Where To Place Stop Losses?
Saturday, April 11th, 2009Hi Again, good to see you back. If you haven't already done so, you may want to subscribe to my RSS feed. Thanks for visiting!
Currency prices in the forex markets are always jumping up and down. Forex markets are volatile most of the time. In the short term, you will only find noise in the intra day forex market. This makes it difficult for new day traders to know how to put a stop loss. Most of the time, prices in forex markets jump 10-20 pips for no apparent reason.
Most of the new forex traders get frustrated to find their stop loss being constantly tripped due to noise even when the market is going in the anticipated direction.
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