This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

stop losses

Talking about stop losses is one of those less popular subjects. No one likes to dwell on trades that are going south!

But, statistically speaking, around 40% of the trades that successful traders make are not going to work out. Even among unsuccessful forex traders, usually, their issue is that their losing trades are bigger than their gaining trades.

The trick to successful trading is minimizing drawdowns. And, in many cases, the distinction between success and failure is money management, in which stop losses play a pivotal role. Beyond simply providing the safety that a trade won’t run away on you while you’re not looking, having loss management as an integral part of your trading strategy might be precisely how you get the most out of the markets.

Want more useful trading tips? Check out our free Orbex Podcast! 

It’s Not Just the Size That Matters

Many beginner traders start with a single fixed rule for their stop losses. A good one is to set a maximum loss on yo...


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: