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Stop loss is a part of risk management

UweMoench
Oct 25 2020 at 12:52
647 posts
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
Oct 25 2020 at 19:34
318 posts
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
Oct 26 2020 at 01:48
698 posts
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
Nov 05 2020 at 11:33
36 posts
Risk management is the most important part of my trading strategy. I never forget to use stop loss during my trades.

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

Robert (Robert647373)
Nov 06 2020 at 12:33
95 posts
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
Nov 06 2020 at 12:50
298 posts
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
Nov 09 2020 at 14:16
647 posts
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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