A trading plan seems to be a very basic thing in your trading process and yet because it is so simple many traders overlook its great importance. A trading plan should be a solid framework on how and when to execute trades, the size of positions, levels of stop-loss and take profit, the kinds of assets and markets traded, rules for trading and so on. Of course every trader can … [Read more...] about How to create a trading plan on eToro?
Trailing Stop Loss
Risk management is one of the most important underlying skills in trading and there are many aspects to it. Managing your positions that are kept open overnight on eToro platform is one of them, and below you can find a detailed guide on how to do that. What is an overnight position? Overnight positions are essentially trades that you do not close until the end of the … [Read more...] about Risks of holding open positions overnight on eToro
What is Stop-Loss? Stop Loss is a useful tool for risk management available on the eToro platform that allows you to restrict the amount of losses on an open position. It helps to prevent losses above the chosen amount when the price movement is against you by automatically closing the trade. Once used properly this option can offer great benefits in trading. Why use Stop … [Read more...] about eToro Stop Loss function