We can’t stress enough how important proper risk management is to succeed in forex trading.
To help keep us from losing our risk capital, we have learned in the Senior Year of the School of Pipsology all about stop losses.
But out of the four kinds of stops discussed, which one do you think suits your currency trading personality best?
Take the results with a grain of salt. The results you get are just recommendations based on your answers and are meant to get you onto the right path. As you get better, keep an open mind to all new experiences and realities to help you evolve and grow your trading abilities.
Quiz Time!
What Kind Of Stops Suits Your Personality?
Knowing how to set stop losses is a crucial skill for a trader.
Having a predetermined point of exiting a losing trade not only provides the benefit of cutting losses so that you may move on to new opportunities, but it also eliminates the anxiety caused by being in a losing trade without a plan.
In our School of Pipsology, we discussed the four different ways of setting stops. See which type best suits your personality.