Do you know where to place your stop loss order?

[Potuse]

Knowing where to place your stop loss is crucial and it is what you must understand as a trader. Putting your stop-loss levels at the right place using the proper pips is what must be very clear to a forex trader.

 

[Planbizzle]

I most certainly do know where to set my stop loss orders. The stop loss can be set at a certain price level, such as a certain percentage below the entry price, or it can be located using technical analysis to pinpoint important support and resistance levels.