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How Close Was Your Forex Losing Trade?
March 31st, 2010 by admin
So if the trade was profitable, you would know how close the price came to triggering your stop loss before it headed back in your direction and you closed at a profit. You would also know how far it went beyond your limit order how much more profit you could have made with a higher target. For a losing trade in forex you will know how close the price came to your target profit before turning back and triggering your stop. That information could be very valuable if you start to have the impression that your system would do better if stops were further out, for example. You actually have the facts there to support your theory or prove it wrong.