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Combination stop loss and trailing stop

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Dyandra

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this combination covers it all the more you do something like this the better
#166 - June 14, 2023, 02:06:56 AM

aphelion

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While it is not foolproof, a combination of these two orders can be very effective in managing and reducing risk while still allowing for the potential to make a profit.
#167 - June 14, 2023, 02:17:34 AM

Vernalta

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using this combination should be correct because using a stop loss should be more mature
#168 - June 15, 2023, 04:23:53 AM

aphelion

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The correct answer is B. A stop loss is more mature than a trade exit. Trading Forex without a stop loss carries additional risk, as it leaves you exposed to more potential losses in the event of a sudden market move. A stop loss, however, can help limit your downside risk by automatically closing out a losing trade.
#169 - June 16, 2023, 05:10:04 AM

Vernalta

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this combination can bring about something that is right and you can count on well
#170 - June 17, 2023, 07:28:41 AM

Dyandra

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You can use this stop loss combination well, but indeed you have to be able to regularly use management
#171 - June 18, 2023, 12:31:05 AM

Vernalta

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I never use a trailing stop because I'm confused about how to use it, I prefer to use a stop loss.
#172 - June 19, 2023, 02:43:51 AM

fxVirtuoso7

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I think, Combining a stop loss order with a trailing stop order is a common practice in forex trading to manage risk and protect profits. A stop loss order is an order placed with a broker to automatically sell a currency pair if it reaches a specified price level, limiting potential losses, while a trailing stop order is an order that adjusts the stop price as the market moves in favor of the trade, thereby "trailing" the price at a set distance.

You can read this article to learn more about trailing stop (because I think you more know about stop loss lol)
https://insights.primecodex.com/trailing-stop-strategies/
#173 - June 20, 2023, 06:53:20 AM

Yengoc

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this combination will be very important when you can use the combination in a simple way
#174 - June 22, 2023, 05:11:47 AM

aphelion

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Trading stops can be confusing, especially if you're new to trading.
#175 - June 26, 2023, 01:02:03 AM

Vernalta

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This combination is of course very important for us to use properly because when you can use trading stop losses and trailing stops properly, everything will be more comfortable for you to make profits.
#176 - July 08, 2023, 05:09:04 AM

Ikhtiar

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In my opinion, a trailing stop can be used when the profit is more than 100 pips, because if it is less than that then you should just use a stop loss to make it more effective.
#177 - January 25, 2024, 09:58:21 PM

Ikhtiar

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I don't think it's suitable to use a trailing stop because sometimes the RR becomes unbalanced, so so far I've just used a stop loss
#178 - June 10, 2024, 01:38:13 PM
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