火豹电竞战队数据

Trading without stop losses might sound like the riskiest thing there is. A bit like going mountaineering without safety gear. But what's the reality?

Orders are often seen as nothing more than a gateway to the real business of trading. Yet the range of different order types that’s available offers a powerful set of tools.

To manage this risk, what some do is make a simple guess to estimate the potential loss involved.The problem though is this doesn't take the full picture.

It’s often said that how you deal with your first major loss will define you as a trader. Which route you end up on will depend on your personality type.

In theory trailing stops provide a way for traders to limit losses and to lock in profits on individual trades. The basic idea of the trailing stop is that as a trade moves into profit, the stop level adjusts upwards in the case of a long (buy) trade or downwards in the case of a short trade.

When entering a trade, how do you choose the point of the stop loss and take profit? Clearly, this decision will have an impact on how profitable your trades are.