Jun 23 2020 at 12:25
Newcomers don’t like to use Stop Loss which is the inevitable part of trading; they have to ensure more about proper using Stop loss. And they should practice demo account for all time besides live account.
Stop-loss gives us the opportunity to not lose.
SL is a good way to limit your losses. I use it most of the times while trading.
Simple importance is the ability to limit your losses.
Simple importance is the ability to limit your losses.
Aug 14 2020 at 17:12
An expert FX trader will always place a stop loss order when making a trade. Some traders dare not comfortable to use stop loss order. If the price trend goes in an unexpected direction, one may lose his/her whole capital.
Using tools such as stop loss and take profit can significantly reduce the risks associated with losing your account.
Some traders use stop loss some don't. It depends on what strategy and system you are using. For scalping and short term trading stop loss is important. Otherwise you may get margin call if you don't use srop loss.
I developed an EA and tested it without SL. I have 100% wins for 3 years.................but then my account was wiped out in a week.
Yes stop loss is important. Without stop loss you can lose all of your money. You can manually close or put a stop loss but you can not run your loss trade for long, especially in trending market.
Stop Loss is very important style to be consider if you do not want your account to get wiped out.
the forex banker traders use SL but they use a ratio of 2:1. That mean your TP should be double the SL. In some case like gbpsnzd gbpaud i use 3:1 since it's volatile.
Follow this rule and you will do fine. Usually you should be able to double your account each year.
Follow this rule and you will do fine. Usually you should be able to double your account each year.
If you are a short term trader stop loss is very important. You can place a stop loss or you can put a stop in your mind but you have to use it. Otherwise in case market goes against you you will get a huge loss. Many new traders get margin call just by not putting any stop loss.
Sep 07 2020 at 19:12
Stop loss is very important for the new traders to control their losses. It will help them not to lose their confidence,
Stop loss is very important for many trades. Stop-Loss protects the trader from unexpected moves. It is never possible to manage risk rewards without using a stop loss. Stop Loss must be used to follow Money Management. All in all, it is not possible to follow the trading discipline without stop loss.
Oct 19 2020 at 11:08
SL is a must to use. I don’t think many traders, especially experienced ones, would be trading without it.
Dec 12 2020 at 09:46
Stop loss is very important for all the new traders to control their losses.
Jan 05 2021 at 09:13
Stop loss helps a lot in saving a trader from prospective losses. It can very well help the beginners who have a higher risk of losing.
Some talk about the fact that you can trade without a stop loss from my practice, I will say that it really helps to avoid critical and unnecessary mistakes and losses.
Jan 05 2021 at 11:44
stop loss is important as it can help the trader from gng away into further losses.
