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Believes.

lovefortrading (perryjohn765)
Sep 09 2020 at 08:24
238 Posts
A stop-loss order eliminates emotions that can impact trading decisions. This can be especially handy when one is not able to watch the position. Stop-loss in Forex is critical for a lot of reasons. However, there is one simple reason that stands out - no one can predict the exact future of the Forex market. It does not matter how strong a setup may be, or how much information might be pointing to a particular trend.

EllisParker
Sep 10 2020 at 07:13
34 Posts
SofieAndreasen posted:
Stop loss is important factor in trading. Trader should have good understanding of support and resistance level to place good SL order.


I agree. Many traders dont use it at all. I believe its one of the most underestimated things but is a great way of keeping your losses limited.

ElliotCooke
Sep 10 2020 at 11:04
341 Posts
Especially professional traders don't use a stop loss. Because they are confident with their strategy. But every new trader should use stop loss to control their losses as mc as they can.

Michihito
Sep 10 2020 at 12:41
298 Posts
Mental stop loss is okay for them who glue their eyes to trading platform until trade is closed. It's all about what you are comfortable. As long as you are making consistent money everything you do is best for you. We have to change what needs to change.

AliaDare
Sep 25 2020 at 01:09
696 Posts
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.

SofieAndreasen
Oct 18 2020 at 17:18
667 Posts
AliaDare posted:
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.

Stop Loss is important to survive in the market. No one know when market will take your whole capital. So, it is better to be safe.

Tremblay
Apr 28 at 18:48
330 Posts
SofieAndreasen posted:
AliaDare posted:
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.

Stop Loss is important to survive in the market. No one know when market will take your whole capital. So, it is better to be safe.

When you are going to use stop loss, you need to have proper knowledge about it.

Gergo_01
Apr 29 at 07:54
24 Posts
Stop Loss is a great tool to lessen the probabilities of loss.

wois25 (wois25)
Apr 29 at 09:13
14 Posts
yes is good, but for this moment most of my positions is closed via stop loss:/

LukeRachel
Apr 29 at 23:58
389 Posts
Every trader needs to be emotionally strong. It has happened to me that after placing a stop loss if the price moves closer to that stop-loss, the stop loss shifts, and the number of my loss increases.

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