What are the rules for placing stop loss and limit orders in forex?

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What are the rules for placing stop loss and limit orders in forex? The high amounts of leverage commonly found in the forex market can offer investors the potential to make big gains, but also to suffer large losses. For this reason, investors should employ an effective trading strategy that includes both stop and limit orders to manage their positions. Stop and limit orders in the forex market are essentially used the same way as investors use them in the stock market. A limit order allows an investor to set the minimum or maximum price at which they would like to buy or sell, while a stop order allows an investor to specify the particular price at which they would like to buy or sell. An investor with a long position can set a limit order at a price above the current market price to take profit and a stop order below the current market price to attempt to cap the loss on the position. An investor with a short position will set a limit price below the current price as the initial target and also use a stop order above the current price to manage risk. For more lessons about forex online trading visit us:www.integrafx.com Subscribe here to be update about all our videos:https://www.youtube.com/watch?v=p88PXXo2Neg&list=PLRzEvFPK_Maoy6R3oh1ouFYC8Ay7vUDKb