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What is Profit Chaser Forex Strategy Basics about?

This document describes a forex trading strategy called "profit chaser" which uses a trailing stop to lock in profits as the price moves in your favor. The strategy involves setting an initial stop loss and then adjusting the stop higher by 1 pip for every 10 pips of price movement, allowing it to trail the price and capture gains while avoiding losses from reversals. This trailing stop method aims to maximize profits by locking them in as the price rises without risking those profits by staying too close t

Author

Danaeus Avaris Cadmus

Language

EN