Stop loss is a kind of insurance against the risks of large losses and downside closing of a trade.
For me I never use stop lost as to limit my lost to control my trading risk... the only controlling the risk is the lot size I open in my trade. I only use the stop lost as the same work as my take profit to secure my profit in my trading method.
why keep aiming for controlling lost with stop lost where you can control it with your lot size where we trade forex actually all the same is looking for profit.
why keep aiming for controlling lost with stop lost where you can control it with your lot size where we trade forex actually all the same is looking for profit.
I never use SL. I just use TP.
Nov 29 2020 at 07:44
GeorgeBischof posted:I think stop loss is essential for all trader. Trading without SL is kind of suicide in trading. you may blow your account in time.
Stop loss is very useful for the new traders to control their losses at the beginning period.
LyudmilLukanov posted:GeorgeBischof posted:I think stop loss is essential for all trader. Trading without SL is kind of suicide in trading. you may blow your account in time.
Stop loss is very useful for the new traders to control their losses at the beginning period.
you can try study my trading records as where I didn't use stop lost to control my lost at all, but I do use it as to secure my profit. Just my own experience to share.
For beginer, yeah it does help but I rather the beginner to control of their trading lotsize to control their risk instead of using stop lost to controlling the lost
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