Learn to use protective stops when trading Forex

Learn to use protective stops. Respect them and don’t move. Hoping that market will turn in your direction is a very delusive hope. By moving a stop loss further a trader increases his chances to end up with much bigger loss. When holding to a losing trade too long, and even if funds permit, traders as a rule are very reluctant to accept big losses.

Anthony DiChi at TradeCurrencyNow,
America’s Forex News and currency information source.