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Stop Loss Importance
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cardigan

Member Since Jul 27, 2020  56 posts cardigan Aug 18 at 05:29
Stop Loss is very important style to be consider if you do not want your account to get wiped out.

ahmed124

Member Since Jan 16, 2014  14 posts FXTrader (ahmed124) Aug 21 at 16:33
the forex banker traders use SL but they use a ratio of 2:1. That mean your TP should be double the SL. In some case like gbpsnzd gbpaud i use 3:1 since it's volatile.

Follow this rule and you will do fine. Usually you should be able to double your account each year.

UweMoench

Member Since Jul 19, 2020  117 posts UweMoench Sep 02 at 10:40
If you are a short term trader stop loss is very important. You can place a stop loss or you can put a stop in your mind but you have to use it. Otherwise in case market goes against you you will get a huge loss. Many new traders get margin call just by not putting any stop loss.

GeorgeBischof

Member Since Jul 19, 2020  158 posts GeorgeBischof Sep 07 at 19:12
Stop loss is very important for the new traders to control their losses. It will help them not to lose their confidence,

AliaDare

Member Since Jul 19, 2020  117 posts AliaDare Sep 08 at 00:42
Stop loss is very important for many trades. Stop-Loss protects the trader from unexpected moves. It is never possible to manage risk rewards without using a stop loss. Stop Loss must be used to follow Money Management. All in all, it is not possible to follow the trading discipline without stop loss.

antonyhollinwooe

Member Since Jul 10, 2020  25 posts antonyhollinwooe Oct 19 at 11:08
SL is a must to use. I don’t think many traders, especially experienced ones, would be trading without it.

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