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How to Make the Most of Forex Order Types
Orders are often seen as nothing more than a side show to the real business of trading. Yet the range of different order types that’s available offers you a powerful and easy way of creating some automatic trading rules.
Trailing Stops – Can they Increase Your Profits?
In theory trailing stops provide a way for traders to limit losses and to lock in profits on individual trades. The basic idea of the trailing stop is that as a trade moves into profit, the stop level adjusts upwards in the case of a long (buy) trade or downwards in the case of a short trade.
How to Place Stop Losses and Take Profits Using a Maximal Strategy
When entering a trade, how do you choose the point of the stop loss and take profit? Clearly, this decision will have an impact on how profitable your trades are.