Yesterday we learned one very important lesson - money and stop - TopicsExpress



          

Yesterday we learned one very important lesson - money and stop loss management which is crucial in forex or any other investment. Our EUR/USD long position from 1.3608 was stopped out at 1.3597, after we have moved the stop loss order from the lower point at 1.3580. We also closed GBP/JPY sell trade (selling from 173.52) at 173.32, which brought us 20 pips of profit. We could have hold the position with higher stop loss orders, but then again who knows how high the price is going to go. It’s better to safeguard our trades with stop loss management. For today my recommendations are: Buy EUR/USD on dips from 1.3609 and 1.3602 with stops at 1.3590 and 1.3588. First profit target at 1.3645. Buy GBP/JPY from 172.50. More at forexsignals24/buy-gbp-jpy-from-172-50-buy-eurusd-from-dips/
Posted on: Fri, 27 Jun 2014 07:47:14 +0000

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