“Even when your thesis is correct, your timing may be way off”… Using efficiently a forex stop loss is a strategy in its own…How to use stop loss when trading is one of the greatest differences between professional traders and amateurs… Defining A stop Loss To define a stop loss, we can say it’s the amount of money or pips a trader is willing to accept as a loss on a trade when the market turns against him. Let’s say you enter a buy trade on the eur/usd. Your stop loss limit order is the order you give to the broker via his platform to close the trade whenever the price reaches a certain level. This level is called ... (full story)