Comments on: Is there a FX software that allows me to set my stop/loss at 0? http://www.fxtrading-softwares.info/506-is-there-a-fx-software-that-allows-me-to-set-my-stoploss-at-0 Fx Trading Software Information and Review Thu, 02 Feb 2012 06:35:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: 4XTrader http://www.fxtrading-softwares.info/506-is-there-a-fx-software-that-allows-me-to-set-my-stoploss-at-0/comment-page-1#comment-718 4XTrader Sat, 28 Nov 2009 06:10:59 +0000 http://www.fxtrading-softwares.info/506-is-there-a-fx-software-that-allows-me-to-set-my-stoploss-at-0#comment-718 There may be, but why would you? You have to give a trade time to develop. When I was first starting out, I set my stops too tight, meaning 10 pips. I got stopped out before the trade could run and prices went in the direction I thought they would. There is such a thing as setting your stops too close. If you're momentum trading, then a 15-20 pip stop loss is fine, but if you're swing or position trading, you need a wider stop, maybe as much as 100 pips or more depending on your trading strategy. You can move your stop to breakeven once the trade moves in your direction, but setting it to 0 or 3 pips from the gitgo and you're going to be stopped out before the trade gets going.<br><b>References : </b><br>I trade derivatives & fx There may be, but why would you? You have to give a trade time to develop. When I was first starting out, I set my stops too tight, meaning 10 pips. I got stopped out before the trade could run and prices went in the direction I thought they would. There is such a thing as setting your stops too close.

If you’re momentum trading, then a 15-20 pip stop loss is fine, but if you’re swing or position trading, you need a wider stop, maybe as much as 100 pips or more depending on your trading strategy.

You can move your stop to breakeven once the trade moves in your direction, but setting it to 0 or 3 pips from the gitgo and you’re going to be stopped out before the trade gets going.
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I trade derivatives & fx

]]> By: Paul http://www.fxtrading-softwares.info/506-is-there-a-fx-software-that-allows-me-to-set-my-stoploss-at-0/comment-page-1#comment-717 Paul Sat, 28 Nov 2009 05:39:59 +0000 http://www.fxtrading-softwares.info/506-is-there-a-fx-software-that-allows-me-to-set-my-stoploss-at-0#comment-717 Check the website below and look for FX software. http://money-review-site.com/investment.html<br><b>References : </b><br> Check the website below and look for FX software.

http://money-review-site.com/investment.html
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]]> By: howardrourke http://www.fxtrading-softwares.info/506-is-there-a-fx-software-that-allows-me-to-set-my-stoploss-at-0/comment-page-1#comment-716 howardrourke Sat, 28 Nov 2009 05:15:59 +0000 http://www.fxtrading-softwares.info/506-is-there-a-fx-software-that-allows-me-to-set-my-stoploss-at-0#comment-716 You might be able to find software that allows you to set a stop loss at 0, but you will be stopped out with a loss on every trade. Every time time you make a trade, there is a spread. Typically, even with highly liquid pairs such as EUR/USD you will have at least a 3 pip spread. If you set a stop loss at 0, you will immediately be stopped out of every trade with a 3 pip loss.<br><b>References : </b><br> You might be able to find software that allows you to set a stop loss at 0, but you will be stopped out with a loss on every trade. Every time time you make a trade, there is a spread. Typically, even with highly liquid pairs such as EUR/USD you will have at least a 3 pip spread. If you set a stop loss at 0, you will immediately be stopped out of every trade with a 3 pip loss.
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