Average Reviews:
(More customer reviews)The author takes pains to ensure that a small number of very clearly defined concepts are correctly understood. And these concepts are well chosen - if a trader takes the trouble to read this book carefully, their trading will be safer, more responsive and more consistent for it. A modest ambition for a book, maybe, but none the worse for that. Highly recommended.
Click Here to see more reviews about: Stop Orders: A practical guide to using stop orders for traders and investors
A stop order is an essential tool used for money management and risk limitation, but for many investors and traders it is not terribly well understood. The author begins by presenting a thorough survey of the various stops available, including buy and sell stop orders and trailing stop orders. This provides a vital introduction for beginners, and a handy reference guide for those more experienced. Having described these tools, Stop Orders then moves on to examine their practical applications by explaining how to use the different stop order techniques when making your trades in the markets. The book is illustrated throughout with charts for stock indices, individual stocks, commodities and foreign exchange currency pairs to provide a range of real-life examples. This book covers everything you need to know about stop orders and how to make them work for you. Whether you are a trader, an investor, or a spread bettor, you should regard the stop order as essential in helping you lock in your profits and succeed in the markets.
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