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TIP: Mental Stops or Automatic Stops?

Discussion in 'Education, Tutorials & Courses' started by FXStreet_Team, Nov 5, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Mental stops call for greater maturity and finesse than automatic stops. Mental stops in the wrong hands is a very dangerous weapon. For instance, some currency pairs can sprint 200-300 pips in the blink of an eye, and an inexperienced trader who tries to replicate such a method without the required mindset and/or experience will very quickly learn some extremely harsh lessons. To summarize, while it's important to see stops as a measure of risk control, it's different than

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