Stop loss is a killer if you do not use it properly. You should risk reward ratio of your strategy. In ranging market it seems price comes back again. But if the market trend for long and if you against the trend you will eventually get the margin call.
Context is an important part of the Forex market. It is very difficult to make a profit from trading if you have no idea about the market context. Whether the market is in trendy momentum or volatile momentum can be understood by market context. Protects stop-loss trading. Risk cannot be maintained without stop loss.
You are absolutely right, no profitable trading will work if you do not understand what it is.
Oct 18 2020 at 21:37
Yes, you are right. If you don't use the stop loss properly, you can face a big loss.
Oct 19 2020 at 11:10
Like everything else in trading, you got to understand where to place stop loss.
Nov 09 2020 at 15:55
barbarawright posted:
Like everything else in trading, you got to understand where to place stop loss.
Support and resistance level are the main aspect of stop loss. So, learn about those two first.
Of course, you're right, if you don't know what you're doing then I don't know how to make a profit.
Yes I agree with you. Many traders put stop loss by counting pips. But that's not a good idea to place stop loss. To place stop loss we need to good knowledge about support and resistance.
Nov 30 2020 at 10:08
You are absolutely right. Every trader should know how to use stop loss properly.
