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Stop Loss Importance

first_time
Jan 05 2021 at 11:56
73 posts
cardigan posted:
Stop Loss is very important style to be consider if you do not want your account to get wiped out.
Yes, on point. I made a mistake a while back ago forgetting to put on stop loss and I lost a large amount of bucks for that. Will never make such a mistake again.
Stonesong
Feb 04 2021 at 14:20
128 posts
I think those who initially say that stop-loss is not a good trade, as a result, they understand its expediency and begin to use it.
MichaelEX
Feb 09 2021 at 11:35
48 posts
I never trade without stop loss because this gets you out of your position if the price turns against you. It is a good risk management strategy to use.
forexminded
Feb 09 2021 at 11:57
35 posts
I have understood the importance of stop loss after losing money. So, I consider stop loss as a means of risk management.

Mauk
Feb 09 2021 at 14:36
78 posts
I think you are not the only one who understood the importance and significance of stop loss through the loss of your funds.
Sar John (Sarjohn)
Feb 16 2021 at 08:44
187 posts
Stop loss is very important as a newbie I have never traded without stop loss so that I can’t make any large losses. Even I would suggest that if you don’t have much experience then always trade with a stop loss.
ramirokeller
Feb 24 2021 at 04:28
17 posts
Sarjohn posted:
Stop loss is very important as a newbie I have never traded without stop loss so that I can’t make any large losses. Even I would suggest that if you don’t have much experience then always trade with a stop loss.
Yes, stop loss is quite important for beginners as well as for advanced traders. It is an effective tool for knowing the amount of money you are about to risk in advance. You can plan your risk reward ratio accordingly.
Rassellkarl
Feb 24 2021 at 11:15
36 posts
It is really good for minimising the trading loss and I’ve always been using it for my trades. Even the brokers I use put no such limitation on its use so that’s fine I guess.
LyudmilLukanov
Feb 24 2021 at 13:48
851 posts
Stop loss is the best way to minimize the loss in trading. Every trader should use it.
Sam (Rasperr)
Feb 24 2021 at 15:51
25 posts
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.
ramirokeller
Feb 25 2021 at 05:33
17 posts
Rassellkarl posted:
It is really good for minimising the trading loss and I’ve always been using it for my trades. Even the brokers I use put no such limitation on its use so that’s fine I guess.
That’s good. What brokers are you using?
Beagelv
Feb 25 2021 at 08:33
81 posts
In any case, stop loss is an important and necessary tool for trading to be successful and profitable.
Rassellkarl
Feb 25 2021 at 10:51
36 posts
ramirokeller posted:
Rassellkarl posted:
It is really good for minimising the trading loss and I’ve always been using it for my trades. Even the brokers I use put no such limitation on its use so that’s fine I guess.
That’s good. What brokers are you using?
I started with some brokers before but it didn’t quite work for me and now I’m trading with these - Pepperstone, LCG and Fxview. The trading conditions seem okay to me and the platforms are fine.
Benjamin Van Tran (tranle447)
Feb 25 2021 at 21:14
120 posts
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
Sar John (Sarjohn)
Mar 11 2021 at 11:38
187 posts
ramirokeller posted:
Sarjohn posted:
Stop loss is very important as a newbie I have never traded without stop loss so that I can’t make any large losses. Even I would suggest that if you don’t have much experience then always trade with a stop loss.
Yes, stop loss is quite important for beginners as well as for advanced traders. It is an effective tool for knowing the amount of money you are about to risk in advance. You can plan your risk reward ratio accordingly.
Yes that is true.. You get to know about the risk also.
triticieek
Mar 17 2021 at 09:59
35 posts
Yeah beginners can really make use of stop loss to avoid losses in the beginning.
Dictiony
Mar 17 2021 at 10:13
231 posts
It is much important to use stop loss to avoid much loss in forex trading.
DanialWales
Mar 18 2021 at 13:02
17 posts
Loss is a part of trading. If you have good winning percentage and better risk reward ratio, loss should not bother you. Loss bothers so much to clueless traders who have no idea what's they are doing.
Kazile
Mar 22 2021 at 14:39
119 posts
Learn to immediately apply and use stop loss correctly, and then you will see how useful it is for trading.
kajusmcdowell
Mar 25 2021 at 05:26
11 posts
Yes, stop loss can actually save a trade from incurring losses. People should know how to use it appropriately.
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