MahiFX Top 10 Tips For Christmas - Tip Number 4
Remember Your Stop Loss And Take Profit
These are two essential parts of trading and are important because they can help prevent losses from becoming too excessive. All good trading strategies should include a method for inserting a Stop Loss and Take Profit. Different trading styles will use these in different ways, but whether you are going long or short, scalping or swing trading, these tools are essential in your trades.