The goal of every trader is to get as much profit as possible | LiteFinance
The goal of every trader is to get as much profit as possible from the price moves in a short time with an optimal level of risk. The classic risk insurance tool is a stop loss. This insurance order automatically closes the transaction if the price has turned opposite to the forecast.
To maximize profits with minimal risk of losing money rapidly, a trader has two options:
Set a take profit and periodically move it along with the stop as the market price moves towards the predicted value.
Use a trailing stop.
The first option allows traders to take the... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3YXSp6J
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