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7 Benefits of using stoplosses

Member Since Jul 13, 2022   32 posts
Aug 18, 2022 at 12:14
I can share some of the advantages that have helped me personally. First, I am able to control and make good profits. I can develop appropriate strategies.

Member Since Feb 16, 2022   119 posts
Oct 06, 2022 at 11:45
Maximum traders trade haphazardly without following any risk management and money management policy and it’s not a good thing for trading they should know.
Member Since Feb 15, 2022   183 posts
Oct 09, 2022 at 11:00
Making a strategy is the result of persistence, perseverance and hard work. At last, try to select a good trading broker for better trading environment.
Member Since Aug 19, 2021   203 posts
Oct 12, 2022 at 10:56
Oh I would say some other information.

1 disadvantage of using stop loss:

1. It almost always catches losses, even if they are insignificant lol. 😄😄
Member Since Apr 03, 2021   470 posts
Jan 08 at 21:33
Stop loss is still used many traders to manage the risk in trading, however, there are some traders maybe dare to work without stop loss because they have a reason stop loss is just the cause of loss, in my day trading with FXOpen always use stop loss when open single trade and often work based simple trading support resistance
Member Since Feb 15, 2022   219 posts
Jan 09 at 12:17
Forex traders have to be mentally bold enough so no sudden collapse can cause harm to traders. But we see many traders are mentally weak with low sustaining power.
Member Since Apr 03, 2021   470 posts
Feb 16 at 22:24
Trading without a stop loss is dangerous because the market is very dynamic and unpredictable, in every second the price always changes and does not always move in our favor of direction, stop loss is a feature to manage the risk although there are advantages and disadvantages.
Member Since May 02, 2022   26 posts
Feb 17 at 12:20
Here are 7 benefits:

1. Limits potential losses
2. Reduces emotional trading
3. Protect profits on a trade
4. Improves risk-reward ratio
5. Save time and reduce the potential for human error
6. Provides peace of mind
7. Enhances trading strategy
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