A specifically designed vehicle called a “tractor” delivers high torque (tractive effort) even at slow speed. The machinery is used in construction or agriculture or for hauling a trailer. Generally, this term describes a distinctive farm vehicle although horticultural use is common too. A tractor may be used for towing agricultural implements or for providing power to an implement if it is mechanized.

When, at slow speed, you want higher tractive effort or as it is commonly known as torque, then there is a specially designed vehicle called the tractor. The purpose may be hauling of machinery or a trailer that is used in agriculture as well as in the construction industry. However, this term is commonly used for describing a distinctive farm vehicle.

The tractor can be used to tow or mount agricultural implements and additionally it may also be a source of power for a mechanized implement - perhaps a plough for example.

The origin of the name tractor is Latin. It is the agent noun for trahere which means “to pull”. Its use was firstly recorded in 1901 as “a vehicle or engine used for pulling ploughs or wagons”. It displaced the term used earlier called “traction engine” (1859). In Australia, Argentina, India, Ireland, Britain, Germany and Spain, the word or name “tractor” is a term that implies “farm tractor”.

Currency prices in the forex markets are always jumping up and down. Forex markets are volatile most of the time. In the short term, you will only find noise in the intra day forex market. This makes it difficult for new day traders to know how to put a stop loss. Most of the time, prices in forex markets jump 10-20 pips for no apparent reason.

This becomes frustrating for many new day traders. Most constantly find their stop losses being tripped due to noise even when the rates are going in the anticipated direction.

Many new forex traders develop the habit of using a static 10-20 pip stop loss. This is an arbitrary decision. Many also try using a trailing stop loss. However, if placed too close; your stop hits too early. And if placed too far; you will have to forgo potential profits if the price retraces later on.

You should place your stop loss on dynamic levels. Most of the professional traders do use stop loss but mostly place it on their computers making them invisible to their brokers.