In the previous article we saw how to define an effective trading strategy. In any strategy, it is essential to place stops and limits. How? ‘Or’ What? This is what we will see today! Risk management The most successful traders are not just those who place the best orders. These are the people who have good risk management and who scrupulously follow their strategy. They are not affected by gains or losses. They set stop and limit levels and place orders accordingly. With TradeFW this happens to be essential. Limit orders When the limit is reached, the trading software closes the position and you hit the gains. The limit…
