Making your Stop is in the Right place – Forex Trading
When I trade, I always ensure that I put a stop in for every order.. this is usually 50 pips or points and acts as an emergency stop should anything drastic happen with the markets or if my internet connection dies.. I know my maximum possible loss. However, it is important to ensure that a stop is place in the right place otherwise you'll be hammered by the stop hunters as they seek to take you out. My trade today on the GBPUSD was as below.. I saw a triple stop in the 15minute timeframe
