Feb 07 2021 at 14:13
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Feb 08 2021 at 06:11
UweMoench posted:its not even that difficult, yes it does involve a couple of factors to consider like, the extent of loss you are willing to bear, what are the ongoing spreads, a stop loss should never be so tight that it gets no space to breath and even a slight movement in the price triggers the stop loss level.
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
The more your practice, the more you learn.
Feb 08 2021 at 06:35
A demo account helps a lot to learn how to set a stop loss, because your profit will depend on it.
Feb 08 2021 at 15:34
I find it a bit complicated to place a stop loss in trading. There are certain things to consider, like trading styles, risk-taking, and should know resistance levels to place a stop loss.
Feb 09 2021 at 02:18
Discipline cannot be maintained without stop loss. Therefore, every trader should use risk rewards to maintain risk.
Feb 09 2021 at 05:07
I guess SL can save us against those unbearable losses in trading, but I really get irritated when my stop loss gets hit and the very next second the price moves in my favour, just hate that feeling.
Feb 11 2021 at 09:03
It’s true that placing stop losses requires a lot of forex knowledge but once you learn this, you’ll always be safe in the game.
Feb 12 2021 at 06:11
You should not risk trying trading without stop losses, this will definitely lead you to losses, especially if you have no experience and practice.
Feb 12 2021 at 11:32
Setting a stop loss is an integral part of successful trading. However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop loss at least 30 pips away and usually place it from 30 to 80 pips depending upon the trading strategy.
Feb 16 2021 at 17:41
jeffreyreed posted:I think placing stop loss at right is hard especially for new traders. Support and resistance level play important factor regrading this matter.
Setting stop loss might seem difficult in the beginning. But when you start using it in all of your trades, it won’t feel so.
Feb 20 2021 at 09:43
Bunaya posted:Maybe I should have to just hold my position a little longer for it to make through the depression phase. If I have put the stop losses then it would sell the security as soon as it falls before again skyrocketing. I think the risk is in both the cases.
You should not risk trying trading without stop losses, this will definitely lead you to losses, especially if you have no experience and practice.
Feb 22 2021 at 04:57
Scarymaniak posted:This is also true but you cannot risk your money on hope! Will it be worth it if the security does not rise then you will lose more money, but with the stop loss the loss won’t be unbearable.Bunaya posted:Maybe I should have to just hold my position a little longer for it to make through the depression phase. If I have put the stop losses then it would sell the security as soon as it falls before again skyrocketing. I think the risk is in both the cases.
You should not risk trying trading without stop losses, this will definitely lead you to losses, especially if you have no experience and practice.
Feb 22 2021 at 07:19
I think the midway to this discussion can be using the stop loss at such a precision which marks the midway of the loss which you can suffer and the price of the security which can rise in the following days. This is the best method which you can use. For example a news is developing which can plunge the markets down but its effect will be short so you know it will rise. Therefore you can hold the security longer and have deep stop loss.
Feb 22 2021 at 10:11
Richarlison872 posted:Ya there are many types of stop loss which are there such as the Trailing stop loss and Fixed stop loss, which can be used according to different market conditions. Some brokers like Fxview, Oanda, IG, IB etc. are flexible with the use of different kinds of stop losses.
I think the midway to this discussion can be using the stop loss at such a precision which marks the midway of the loss which you can suffer and the price of the security which can rise in the following days. This is the best method which you can use. For example a news is developing which can plunge the markets down but its effect will be short so you know it will rise. Therefore you can hold the security longer and have deep stop loss.
Feb 22 2021 at 10:58
stop loss under supply or demand - job done
Feb 22 2021 at 12:19
Yes the stop loss can actually save you from big losses.
Feb 22 2021 at 16:35
StopLoss is extremely important in forex trading especially if your a day Trader .Also you have to know how to manage risk if you want to be serious about your profession and if you want others to take you serious,I see some crazy risk management and none at all ,learn how forex orders are placed in the market ,typical chart can give you some clues for starters.
Happy hunting.
Happy hunting.
Strength and honor.
Mar 17 2021 at 10:18
The right knowledge of where to place the stop loss can be a lifesaver for a lot of traders.
Mar 17 2021 at 10:49
The stop loss location is also critical to risk management. if you set a very wide stop loss then you will give your trade more time to 'breath' but your potential losses could be huge
Mar 17 2021 at 12:47
Setting up an stop loss is an art. You need to have a good idea of support and resistance. And how price work in support and resistance area. Focus on increase your knowledge and skills. Slowly you won't keep checking the chart.
