Learn Forex Online Currency Trading : Stop Loss Order - INTRODUCTIONtypically within a few minutes or at most, a couple of hours, new FOREX traders will discover the concept of the stop loss orderhe purpose of this order is to establish the trader's maximum acceptable loss on a currency exchange transaction prudent, well disciplined trader will typically calculate this maximum loss level either before submitting an entry order, or fairly shortly thereafteronetary losses are theoretically limited only by the trader's total account equity without this safety measure in placeASIC TYPES OF STOP LOSS ORDERSStop losses can be set according to a maximum acceptable dollar risk amount, a percentage of total trading equity or average price range, and time duration of the tradeONETARY STOP LOSSThe trader sets a fixed dollar amount he/she is willing to risk on a tradeefore entering an entry order, the trader examines charts and the related indicators to ascertain if the market price activity will result in the stop loss being located where it w ... [Read More - Learn Forex Online Currency Trading]
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