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What is k line stop-loss in the forex market?

19 September 2009 224 views No Comment

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In the stock market, the first lesson is not to buy,it is stop-loss, forex market is also the same. There is no concept of stop-loss,it is not eligible to enter the stock market.If you do not know stop-loss,it means that you do not learn technical analysis well,and you still do not know how to operate.

The rule of stock market is that the number of the winners is less than 10%,the winners’s secret of success is that they know how to run when they find something is wrong, and run faster than anyone. Coming to what extent? Almost as long as a K-line will stop immediately. In other words, K-line’s low point is the stop-loss point.

This K line may be 5 minutes or 30 minutes line. Date Line is the longest line of the K point.

If it fell below  the K line after you buy, it shows that there is something wrong with your entry point, you should quickly leave and wait for the next opportunity to re-entry. The beginning of the implementation of this operation, you will always have a stop-loss list, but you will break through some concepts and realize some secrets in your list.

Slowly you will be very careful to choose entry point. You will reduce a lot of unnecessary entry points,if this secret of seizing the entry opportunity becomes your habit.Your entry point are often  starting up points. Then it is not easy to take the action of the stop-loss, leaving only the question to stop winning.

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