In this thread I am going to put some information that can be useful for trading.
Sometimes traders disregard a correct exit from the market. Money Management Stop (usual stop) is quite helpful in exit tactics.
There are three figures for usual stop:
1. Money equivalent – define risk amount.
2. Percentage equivalent –
Example: acc. balance is 1000 $. My risk rate is 2% from one trade and 8% from all trades.
3. Graphic criteria – when I decide that price should not accomplish a certain level.
The information is provided by FreshForex - a fresh view on market!