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Stop loss is a part of risk management
UweMoench

Member Since Jul 19, 2020  156 posts UweMoench Oct 25 at 12:52
Stop loss is a part of risk management. To protect your account from great loss, you need to use stop loss. But to use stop loss effectively is the key. Many traders don't know how to use it. I suggest them to study more.

GeorgeBischof

Member Since Jul 19, 2020  228 posts GeorgeBischof Oct 25 at 19:34
Stop loss helps the new traders to control; their losses. It is the best toll for the new traders. But to use it, a traderneed to have proper knowledge about this.

AliaDare

Member Since Jul 19, 2020  160 posts AliaDare Oct 26 at 01:48
Of course, stop loss is a part of risk management. Risk can never be managed without stop loss. If you want to maintain risk, you have to trade with a 1: 2 risk-reward. If the stop loss is 1, then the profit level will be 2. So you can never think of maintaining risk without stop loss.

Rassellkarl

Member Since Oct 09, 2020  20 posts Rassellkarl Nov 05 at 11:33
Risk management is the most important part of my trading strategy. I never forget to use stop loss during my trades.

Charlessmith

Member Since Oct 14, 2020  19 posts Charlessmith Nov 06 at 11:50
While trading, money management and risk management can play major roles in helping you save money.

Robert647373

Member Since Feb 25, 2020  64 posts Robert (Robert647373) Nov 06 at 12:33
Almost all experienced Forex traders agree that it is necessary to set stop losses for any trading style. Newbies who have just come to the market often neglect this rule, but understanding comes to them over time (or they simply stop trading due to constant losses). Therefore, do not underestimate this important tool, and you should learn to use it correctly.

Michihito

Member Since Jul 19, 2020  143 posts Michihito Nov 06 at 12:50
Yes stop loss is important if we do short term trading. It's a part of risk management. Many newbies don't use stop loss and get margin call. Due to lack of knowledge they don't know how to use stop loss effectively.

UweMoench

Member Since Jul 19, 2020  156 posts UweMoench Nov 09 at 14:16
There is no alternative to risk management. It's not possible to be right 100% of the time. That's why we need to manage our risk so that we do not incur big loss. And using stop loss is one parts of risk management.

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