StopLoss and TakeProfit… Why are they important? That is the first question we will be answering in this webinar. Why a StopLoss can prevent you from a costly mistake? I am sure you want to hear the answer and watch specific examples. Why should you stick to your TakeProfit and not to your emotions? We’ll see how sometimes it is better to close your operation according to a strategy and not to your ego.
Next, we will drill into some strategies for you to set and calculate your StopLoss, according to the risk and leverage you are trading with.
-Importance of StopLoss and TakeProfit
-Methods to set a StopLoss