Quote:
Originally Posted by CyberG
I am interested in moving my stop loss too, how do you move a stop loss to break even? Does that mean there will be no losses if I move it to break even? How do I know or calculate what break even is? Is this the same way you 'lock in profits'?
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Break Even is the same price as your initial Buy or Sell price. It is the price that you opened your trade. So if you move your SL to BE then you can't loose anymore and hence you lock in the profits
HTH
Oz