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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