I use the Oanda FXTrade Platform. I always use a stop loss for every trade.
From your experience all Oanda FXTrade users, besides using a stop loss are there any other ways to protect your position from further losses beyond your stop loss level if "news rapidly" moves the currency against your trade position.
Or is Oanda very good at closing your trade pretty close to your stop loss price you have set.
I do not trade during the significant news times but am looking to protect against any unforeseen negative worlds news events.
Or is Oanda very good at closing your trade pretty close to your stop loss price you have set.
Thanks Much.
From your experience all Oanda FXTrade users, besides using a stop loss are there any other ways to protect your position from further losses beyond your stop loss level if "news rapidly" moves the currency against your trade position.
Or is Oanda very good at closing your trade pretty close to your stop loss price you have set.
I do not trade during the significant news times but am looking to protect against any unforeseen negative worlds news events.
Or is Oanda very good at closing your trade pretty close to your stop loss price you have set.
Thanks Much.