Stop losses are more frequently hit than take profits in the forex business because market movements can be unpredictable and volatile. Traders often use stop losses to limit their potential losses, but these levels can be triggered by sudden price movements, slippage, or other factors that are beyond their control. Take profit levels, on the other hand, can be set further away from the current market price, allowing for more room for market fluctuations. Traders should use risk management strategies, such as setting appropriate stop losses and taking profits, to manage their positions and limit their exposure to market risks.
