WHY DO WE NEED A STOP LOSS? for FX:EURUSD by SignalsProvider

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A stop loss in forex is a risk management tool that is used to limit potential losses on a trade. It helps to protect the trader's account by automatically closing a trade when a predetermined level of loss is reached. Without a stop loss, a trader may continue to hold a losing trade in the hopes that the market will eventually turn in their favor, which can result in significant losses. Therefore, a stop loss is an essential tool for managing risk and preserving capital in forex trading.

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