JohnForest
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Does anyone have any advice to offer on the pros and cons of Forex trading? I'm seriously considering investing in a Forex trading fund or two.
Can somebody clarify something about this for me: with Forex, if you have set a certain stop loss, can a sudden price jump take you past your stop loss and result in you losing more than your stop loss would otherwise allow?
I have seen that happening during high volatility after major fundamentals, but otherwise it's a rare occurrence.
Can somebody clarify something about this for me: with Forex, if you have set a certain stop loss, can a sudden price jump take you past your stop loss and result in you losing more than your stop loss would otherwise allow?
This happens during high volatility where price never meet the price you set as a stop loss. Nowhere near your SL. That's why it does not register, as it never happened.
Right yeah, so it's a risk but a very unlikely one?
Thanks to everyone who's helped clarify this.
I would go to babypips and do their (free) step by step online course. It's not a scam, it will answer many questions that you'll be asking and a lot more besides, and will give you the basics from which to move on from.
there are a lot of good forums
Evening all.
Interested in finding out if there is anyway of dabbling in forex without constantly worrying about daily price fluctuations?
If I thought the price of the euro would appreciate long term against the dollar is there any instrument I could purchase instead of worrying about a stop loss getting hit?
Thanks in advance