Getting in foreign exchange stop losses is more of an art than a science. You need to find out to stabilize technical elements with gut instincts to be an excellent trader. You will need to get much experience prior to Currency trading becomes familiar to you.
These methods both have their merits, but they may be strongest when combined....Western Line Vs. Candlestick Charting
A trader's total technique on the currency market should fit his/her way of living - that is, just how much time he or she trades. Traders who view the market simply a couple of hours a day gravitate normally to conservative strategies. Traders who invest even more time following task closely can use more aggressive, small-margin tactics.
More to learn on candlesticks
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