Use stoploss orders to limit potential losses from "summary" of Profiting With Forex by John Jagerson,S. Wade Hansen
Stoploss orders are an essential tool for managing risk in the forex market. They allow traders to set a predetermined exit point for a trade, which helps to limit potential losses. Essentially, a stoploss order is a safety net that ensures a trader does not lose more money than they are willing to risk on a particular trade.
By using stoploss orders, traders can protect their capital and preserve their trading accounts. Without a stoploss order in place, a trade can quickly turn against a trader, leading to significant losses. Stoploss orders help to prevent emotional decision-making in the heat of the moment, as they prov...
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