Stop Loss Importance
Feb 24, 2021 at 15:51
Roberto21 posted:Yeah, if there is anything someone should learn, it is how to set good stop losses.
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.
Sam.peters@
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.
Mar 25, 2021 at 15:19
Femilas posted: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.
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 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 17, 2021
536 posts
Jun 07, 2021 at 05:54
Akasuki posted:Yes. Without proper knowledge about SL, it is quite difficult to use it.
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 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 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
