How can you determine where to place your stop loss?

Posted in US | Trade Tap Blog | Technical Analysis
5 minute read
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Limiting losses can be crucial to consistency as a trader, and by extension, so is the use of stop-loss orders. But how can you determine where to place them? Read more.

Introduction

Using a stop-loss order in the forex market

Stop-loss order methods

Placing stop-losses at a predetermined percentage value

Placing stop-losses at support or resistance levels

Placing stop-losses at volatility pip values

Placing stop-losses at a predetermined time of day

Conclusion

Disclaimer