Stop Loss Importance

Mar 13, 2020 at 06:14
4,032 Views
85 Replies
Member Since Feb 07, 2015   25 posts
Feb 24, 2021 at 15:51
Roberto21 posted:
We generally know about the importance of Stop Loss, its common but don’t know when it is more appropriate to use above all the beginner traders. When was a newbie I lost my whole amount due to not using SL and after that I have been using this trading approach till even though sometimes I get more confident about the real faction of this Market.
Yeah, if there is anything someone should learn, it is how to set good stop losses.
Sam.peters@
Member Since Jul 27, 2020   81 posts
Feb 25, 2021 at 08:33
In any case, stop loss is an important and necessary tool for trading to be successful and profitable.
Member Since Jun 08, 2014   120 posts
Feb 25, 2021 at 21:14
I never use stop loss from trading any market .To control the risk and protect my forex account , the leverage is reduced to 1:5 , the stop loss not using during trading does not mean I don't accept any loss . One of the main advantage of not using the stop loss is that the account will survive any spike if any unexpected events occur . Most of the forex brokers advise their clients to use the stop loss but not the low leverage because the more leverage the traders use , the more commission the brokers make .
Often , the best trade is no trade at all
Member Since Dec 18, 2020   35 posts
Mar 17, 2021 at 09:59
Yeah beginners can really make use of stop loss to avoid losses in the beginning.
Member Since Apr 01, 2020   231 posts
Mar 17, 2021 at 10:13
It is much important to use stop loss to avoid much loss in forex trading.
Member Since Apr 25, 2020   119 posts
Mar 22, 2021 at 14:39
Learn to immediately apply and use stop loss correctly, and then you will see how useful it is for trading.
Member Since Jul 19, 2020   751 posts
Mar 25, 2021 at 13:12
Yes stop loss is important but if you do not know how to place an effective stop loss, you will get the stop out more often than normal. You need good expertise to place stop loss.
Member Since Nov 26, 2020   30 posts
Mar 25, 2021 at 15:01
If we consider a stop loss order from a technical point of view, then it can be compared to a regular pending order, which is activated when the price reaches a given value.
Member Since Jul 19, 2020   788 posts
Mar 25, 2021 at 15:19
Femilas posted:
If we consider a stop loss order from a technical point of view, then it can be compared to a regular pending order, which is activated when the price reaches a given value.
I am also always in favor of using a stop loss. Stop Loss has saved me from many unexpected losses. So I never want to trade without stop loss.
Member Since Apr 01, 2020   231 posts
Mar 26, 2021 at 01:46
Stop-loss mostly used to avoid big loss in our trade and also if we want to get small profit then we also use it.
Member Since Mar 16, 2021   477 posts
Mar 26, 2021 at 03:46
It is very important to use stop loss to trade by maintaining discipline. Protects to stop-loss account. So I never trade without stop loss. Moreover, to maintain a 1: 2 risk ratio, it is necessary to use a stop loss.
Member Since Jan 08, 2021   12 posts
Apr 08, 2021 at 09:44
You can probably watch a few videos and read about where to effectively place your stop loss. You will get an idea of it with time and practice.
Member Since Mar 28, 2021   617 posts
Jun 07, 2021 at 04:04
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Member Since Mar 17, 2021   536 posts
Jun 07, 2021 at 05:54
Akasuki posted:
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Yes. Without proper knowledge about SL, it is quite difficult to use it.
Member Since Nov 03, 2020   65 posts
Jun 08, 2021 at 07:50
Using stop loss really helps a lot to avoid losses that may arise during trading if there are changes in the market.
Member Since Jun 02, 2021   1 posts
Jun 08, 2021 at 08:40
Stop loss is very necessary, experienced liquidation!
Member Since May 27, 2021   64 posts
Jun 08, 2021 at 09:27
Stop loss limits our losses and that's why it is a crucial part of forex trading.
Member Since Jun 04, 2021   5 posts
Jun 08, 2021 at 11:55
Stop loss is very important! I actually have no idea how traders can trade without it lol. Trading without stop loss is like a guaranteed way to throw your account! Although admittedly, it's a bit challenging to know the optimal stop loss placement because you don't want your stop loss to close our your trades unnecessarily, of course.
“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
Member Since Jun 08, 2021   9 posts
Jun 08, 2021 at 12:48
Stop loss is the single most important thing in trading. next is lot size. everything else is secondary
Member Since Sep 12, 2017   238 posts
Jun 08, 2021 at 17:04
stop loss is imp no doubt but trailing stop loss is something which is interest and helpful
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