ok i need some help from some ppl who know the forex market well.
i need to know the difference between "Stop Loss" and "Exit Point" (if there is any?)
ok so i enter a trade and set my stop loss at 50 pips. i draw the fibo levels up anytime anytime an active wave is greater that 40 pips. i then am told my exit point is the 25% level in fibo levels. (uptrend)
So would i just keep readjusting my stop loss at the 25% level or set exit point at that level?
im confused.
What is "Exit
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