At the most basic level there are only four possible combinations:
Stop loss | Take Profit
1. No | No
2. Yes | No
3. No | Yes
4. Yes | Yes
I'd guess that most people choose option 2 or 4 when opening a trade. Is there anyone who would choose option 1 or 3?
I'm new to Forex so I'm interested in hearing arguments for and against the various options.
Stop loss | Take Profit
1. No | No
2. Yes | No
3. No | Yes
4. Yes | Yes
I'd guess that most people choose option 2 or 4 when opening a trade. Is there anyone who would choose option 1 or 3?
I'm new to Forex so I'm interested in hearing arguments for and against the various options.
Monopoly Money Trader