What are the techniques for setting stop-loss and stop-profit points in the foreign exchange trading system? Huichacha will give you the answer: Stop loss

1. BAAFX quotes with 5 decimal places, one more digit than the traditional 4-digit quote. The trailing stop loss of 50 points is 5 points of the traditional 4-digit quotation. Moreover, the minimum number of trailing stop loss points for a real account must be more than 50 points.

2. When the position is in loss or the profit points are insufficient for the trailing stop loss points, the trailing stop loss will not be activated. Once the trailing stop is activated, the stop loss point is on the profitable side, and the stop loss point will not stop the loss on the losing side.

3. The movement of trailing stop loss follows the same trend in theory, but there may be some differences in the actual execution process because the market fluctuations are irregular, such as short jumps.

4. Trailing stop loss and ordinary stop loss can be set at the same time. At this time, the stop loss price column will display yellow. When the trailing stop loss has not been activated, the ordinary stop loss takes effect, but once the trailing stop loss is activated, the ordinary stop loss will automatically become invalid, and the new stop loss will be set according to the rules of the trailing stop loss and subsequent moves will be made. Take Profit

Try to set the profit target of each wave of market to 80%:

In a wave of market, what we pursue should not be to find the key point of market change. Instead, make profits by following the trend.

Although new highs continue to appear in a round of rising prices, it is difficult for us to judge the location of the highest point, but during a correction we can count whether the last high point has corrected to 20%. Choosing to exit at this point will help ensure your 80% profit target.

No one can do things perfectly - always buy at the lowest and sell at the highest.

Try "not to make small money":

Of course, there is no problem in making small money, but the problem is that it is possible to lose a lot for a small amount. Because in foreign exchange trading, what matters is not the number of profits, but the amount of profits. Paying too much attention to small money will only make you prone to "speculation" and have bad thoughts, making it difficult to develop good trading habits.

In currency trading, what matters is not the number of profits, but the amount of profits.