Stop Loss is an important tool to protect a trader's account. But there are traders who do not use it, and these are mostly beginners who will soon lose their account. Use a stop loss, pull it up behind the price and you will limit your losses and securely lock in your profit. But in any case, do not move the stop loss against the price. That is, the price goes against you, and you are trying to push the stop loss further away - this is definitely not worth doing, since there are certain price levels to which the price does not return for a very long period of time.
Avoiding using SL is all about foolishness of a trader because it bears a high degree of losses for them. A sl is usually set according to support and resistance level. Forex is a highly volatile and unpredictable market. So, a SL guards against any loss due to the sudden reverse jump of the market.
When a stop-loss order is placed with a broker, it instructs the broker to buy or sell a specific stock once it reaches a certain price. Stop-loss orders are designed to limit an investor's losses on a security position.
A lot of good information i personally cant see one positive to not having a stop loss. Yes it gives the trade room to move but its too hard to define then. It also makes the losses so much bigger than the wins and thus only take a few bad trades to wipe out months of good work
Yes, the use of stop losses provides a control risks. Trade planning comes down to the fact that you determine in advance the maximum of your allowable drawdown. When it comes to emotions, it is very common for emotional traders to start changing stop loss parameters during trading, which leads to a loss of control. If you are a good trader, then you always know your risks and the maximum allowable drawdown without stop losses. So, I believe that using them is optional and depends on the strategy.
Protecting your trading capital is the top most thing that all traders should do. And it is where stop losses help. They not only prevent big losses, but also strengthen your risk management game. It is always a safe option to use stop losses.
Using stop loss has endless benefits but the major benefit is that it guards against losses. Sometimes you cannot stay home and by that time if the market moves roughly, it will cause you a great loss. And it is where stop loss works as a shield. So, make it your priority.
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UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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