Understanding Stop Loss in Forex: The Beginner’s Essential Tool Navigating the forex market as a new trader can feel overwhelming. One critical concept to master early on is the stop loss—a risk management tool that helps you protect your trading capital. In this guide, you’ll learn how to set stop loss in forex trades for beginners, the different types of stop loss orders, and practical strategies to use them effectively. A stop loss order automatically closes your position at a predetermined price, limiting your potential losses if the market moves against you. Think of it as your safety net, ensuring…
