In this essential trading guide, we delve into the 5 crucial rules every trader must follow when setting their stop loss. Stop loss placement is a critical aspect of risk management and trading discipline, directly impacting your trading performance and ability to preserve capital. Whether you're a beginner or an experienced trader, these rules will help refine your strategy, providing you with the insights needed to place stop losses effectively and make informed trading decisions.
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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