How to Determine Stop Loss In XAUUSD

In trading, the trader must have experienced a loss. However, traders can actually minimize the loss by installing a stop loss (SL).

A stop loss is an order or limit order to limit the losses that a trader will receive. When the price movement touches this value, the system will automatically close the order or position. Every trader has the right to decide for himself which trading model is the most suitable for him, either by using a stop loss or ignoring it, it goes back to the trading strategy used by each trader.

Determining the ideal stop loss range is not an easy matter in forex trading. Many people determine stop loss based on percentage alone. This percentage also varies, with the popular nominal risk being 2 percent of capital. This percentage of risk is then used by traders to place their stop loss.

Determination of this stop loss is very important in the market, because these percentages knowingly or unknowingly have a big impact on the viability of a trader's account.

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