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Trailing Stop – What this means is a stop loss that moves up because the price moves in favor of your placement, so If your price does reverse, your stop loss is significantly less than at first set and achievable even in profit at that point. Any good fx robot ought to have some kind of trailing
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It's also possible to trade crosses, which don't involve the USD, and unique currency pairs which are historically fewer commonly traded (and relatively illiquid). This means they generally appear with wider spreads, meaning they’re costlier than crosses or majors.A leadoff hitter on the great off