Stop-Loss Orders Are not a Fix for Bad Investment Decisions What to do if 'Buy and Hold' Doesn’t Cut it for You

Stop-Losses in Forex Trading

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Once you are ready to trade currencies with a serious approach to money management and the proper amount of capital is allocated to your account, there are four types of stops you may consider using: equity stops, chart stops, volatility stops, and margin stops.
Source: http://www.investopedia.com/articles/forex/06/FXMoneyMgmt.asp