Forum / Archives / Where to put Stop loss?
Friday, 8 May 2009 at 02:52
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annefonda
annefonda
Well most of the forex traders have fixed percent to cut their loss at 5 %. If they have $10000 in the account, they would probably take a risk of 5% the maximum loss would be $500. If we are trading one standard lot this would approximately 50 pips. You can also use support and resistance to know better where the specific point of profit is and cut losses.
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