What is a stop loss in forex trading?

One of the trickiest concepts in forex trading is the management of stop orders. As the name indicates, a stop-loss order is an order that closes out your trading position when your losses on that trade reach a loss amount you set when you initiate the stop loss order. read more

Even though most traders associate stop-loss orders with a long position, it can be applied for a short position. A stop-loss order eliminates emotions that can impact trading decisions. This can be especially handy when one is not able to watch the position. Stop-loss in Forex is critical for a lot of reasons. read more

Trading on Forex is a range of activities. Each trader should be able not just to know how to calculate the profit, but to learn to stop on time, close the order and finish the trading. The minute of delay often can cause the serious losses. read more