Believe it or not, I have traders tell me they don’t use stops because that insures a loss if their trade moves to that level. While that can happen when a stop is triggered, would you rather have a margin call?
Whenever the topic of trading comes up, the concept of “trend trading” will invariably be mentioned. Here is one way that a trader can deduce the direction in which the currency pair has been moving and confirm the trend.
Many traders plan their trading day around the opening or the overlap of the Major Markets. This article will provide the times during which these markets are open as well as when these “overlaps” take place.
Identifying and limiting risk are keys to long term success in trading. However, where we place our protective stop is another matter. Using the ATR indicator to make that determination can be an effective strategy.
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