Many traders refrain from using stop loss while opening new trades, which is a big mistake. SL and TP increase the percentage of successful orders, but sometimes even experienced traders do not know how to calculate stop loss and take profit. After reading this post, you will learn how to set stop loss and take profit orders to make your entry points the most effective.
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Stop Loss is an indispensable tool that controls the risks during trading sessions and avoids losses. But is it possible to trade without stop loss, and do professional traders use stop losses? Let's find it out!
Please don't take the headline literally. There is a whole lot more tips that experienced traders can give you. But today's 3 things are the last in our beginner series. Without further ado, here are the last three tips.
In the last article, we covered three useful tips for a beginner trader. However, these are far from all the things that should be kept in mind before starting trading. In the next two articles, we will look at a few more important points.
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