Welcome to episode 38 of the Forex Answers podcast. If you are new to Forex trading, this is a great resource for you to start learning about Forex. Each episode is going to cover one brand new question. And our podcast is 7 days a week.
We just want to take this time to thank you all for helping this show take off. And hopefully we can provide you with valuable content in each and every episode.
In today's episode, we go 180 from our last episode and we cover a stop loss, and we analyze whether they are a good tool to use for exiting positions.
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Enjoy the show...
IN THIS Episode:
A tool Forex traders can use to exit trades
What a stop loss is
Why exiting manually halts Forex consistency
Why your analysis is better by using stop losses & take proits
Why I say all traders should use stop losses
Why stop losses are better than closing out trades manually
How you can get caught out trying to close losses manually
- What I've witnessed both personally and from others when deciding to exit trades manually
RESOURCES, LINKS & Tips MENTIONED IN THe episode:
Email me personally now - Email me & I will personally respond, I want to talk about all things Forex
Forex Answers Episode 37 - The opposite to stop losses which is take profits
Our Free 7 day Forex Course - Our free course breaks down 7 important Forex lessons. Over the next 7 days, learn loads about Forex trading
What are your thoughts on stop losses? Should we or shouldn't we? Leave your comments below with your thoughts and if so, how many pips is a good amount to risk.
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The VintagEducation Team