A stop loss defines the amount of risk that you are prepared to take on a position. You can place a stop loss with your broker, and your position will be automatically closed out once the market touches the stop loss.
You should always use a stop loss to prevent huge unforeseen market movements from wiping out your account. Your trading system should help you quantify the maximum adverse movement you can incur before being wrong. You should place your stop loss when you open your position.
ForexGen now has a trading new client called MultiTerminal. The MultiTerminal is intended for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors' accounts and for traders working with many accounts simultaneously.
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