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Stop-loss orders are one tool that can be used to reduce risk because they automatically close positions when they hit pre-established loss thresholds. Also, in the dynamic world of trading, ongoing education is essential. To stay current on market trends & gradually improve their strategies, traders should make use of the educational tools provided by the apps they have selected, including webinars, articles, and tutorials. As seasoned traders share their knowledge and experiences, participating in online trading communities can also yield insightful information.