keeping your profits

 

Good morning. A question often asked in forex trading is where to place your stop loss and how to adjust it to lock in profits. Every forex trader will tell you that this skill develops with experience, and I completely agree. Over my 8 years of currency trading, one thing has become clear—there is no universal rule that fits all forex trading strategies.

For instance, in a strong bull run, I prefer to trail my stop loss to the bottom of every closed candle. This requires constant monitoring, and while it’s a thrill to watch your account grow quickly, such perfect runs don’t happen often. That’s why I often rely on a moving average indicator and place my stop loss just below it. This helps filter out market noise and reduces the chances of being stopped out too early, ultimately supporting better risk management in the forex market. trybuying .com is my website whear you can get more details