Actions You Can Take When Floating Loss Trading

In carrying out forex trading, traders must experience what is called a floating minus. In fact, some have even floated down due to market conditions that move fast and far away.

Floating minus is a taboo for most traders, can't stand it or doesn't feel comfortable holding floating minus for long and prefers to cut losses. Put a stop loss a few pips close to the place when the open position. Here are some actions traders take if they experience a floating minus:

Cut Loss

Although this method is painful in forex trading. But this is much better than the trader losing the whole capital. This method is the safest way, provided the trader does not hold a grudge against the losses that have been received. It would be better if the trader already has a fixed trading plan before the trader enters, one of which is that the trader will cut loss if he has reached a loss of a certain percentage of the trader's capital.

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