May 18: Secret Tips and Tricks That Only The Experts Know - How to Set Stop Losses
Anytime that you enter a position, you are going into the Market blind. You don`t know what point of the trend you are entering in at. You might be entering into a stock just before the trend changes. To protect your trading float you need to set a stop loss. This needs to be done before you enter a trade, so that there is no room for error, or last minute indecision. A stop loss is simply a predefined point at which you exit the stock.

FOREX market is a technical market, but if you are willing to take the time to understand its workings and apply good trading discipline, you will realize substantial profits.