| | submitted by SoftwarerOnly to u/SoftwarerOnly [link] [comments] |
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 | submitted by forex268dotcom to ForexForALL [link] [comments] |
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 | submitted by Supermarket_FX to Supermarket_FX [link] [comments] https://preview.redd.it/sv9hwmt7na1a1.png?width=800&format=png&auto=webp&s=540d90d47dc71eccebbb90d34b903b8bdbd85b50 A stop loss is an order placed with a broker to close a trade once the currency pair reaches a certain price. This is done to limit losses in case the market moves against the trader. There are a few things to consider when placing a stop-loss order. First, you need to decide where to place your stop loss. A good rule of thumb is to place your stop loss at a level that is below a recent low if you are long a currency pair, or above a recent high if you are short a currency pair. Second, you need to decide how much risk you are willing to take. Your stop loss should be placed at a level that you are comfortable with, but remember that the larger the stop loss, the greater the chance that your position will be closed out prematurely. Third, you need to decide what your profit target is. Once your position hits your profit target, you can close out your position and take your profits. Stop loss orders can be a useful tool in forex trading. https://supermarketfx.com/what-is-a-stop-loss-order-and-how-do-i-use-one-in-forex-trading |
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 | EUUSD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 XAU 🔼 WTI 🔼 submitted by Mitrade_Official to u/Mitrade_Official [link] [comments] https://preview.redd.it/3ytiw7erxpq91.jpg?width=1081&format=pjpg&auto=webp&s=f4be38e0c9a2cbf96d7923cf7acb98ed54984d42 The decline among major currencies was replaced by a rapid rally yesterday, EUUSD closed at 0.9734 with a high of 0.9745, and AUD/USD was last traded at 0.6522. As the Bank of England announced a purchase program for long-dated bonds, the British Pound / Dollar pair had the most notable gains. The currency pair bounced back from 1.0557, peaking at 1.0900, and closed at 1.0888. USD/CAD had lost over 110 pips while slumping to 1.3605. Later tonight, Statistics Canada will provide its GDP data, where investors expected a 0.1% decline. In addition, the US will also update its GDP and Initial Jobless Claims readings this evening. Commodities also enjoyed a recovery run, gold price rose to $1,662.1 and closed at $1,660.01 an ounce. WTI oil futures went above $80 to $82.15 a barrel, due to a decrease in crude oil inventories by 215,000 barrels. As the greenback retreats, US stocks and indices reclaimed lost territory. S&P 500 reached a high of 3,734.88, Dow Jones met resistance at 29,800, and Nasdaq 100 was highest at 11,540.98. Apple saw its stock prices fall to 146, currently at 149.84 - due to its decision to hold back production boosts for its latest iPhone 14. 📱 Get instant market news delivered to you in real-time→ https://mytd.cc/1Nl Mitrade has appeared on Yahoo Finance, Bloomberg, MarketWatch, Nasdaq and more. For more details: https://www.mitrade.com/about-us/media Our awards: https://www.mitrade.com/about-us/awards Follow Mitrade's other social channels: Twitter: u/MitradeOfficial Instagram: u/mitrade_official *Not Personal Advice. All trading involves risks. This information is not intended for distribution where it is contrary to local regulation. |
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