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Stop Loss Importance
Aug 21, 2020 at 16:33
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.
Sep 02, 2020 at 10:40
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.
Mitglied seit Jul 19, 2020
283 Posts
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,
Sep 08, 2020 at 00:42
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.
Mitglied seit Jul 10, 2020
32 Posts
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.
Mitglied seit Jul 19, 2020
283 Posts
Dec 12, 2020 at 09:46
Stop loss is very important for all the new traders to control their losses.
Mitglied seit Nov 17, 2020
17 Posts
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.
Mitglied seit Jan 11, 2019
140 Posts
Jan 05, 2021 at 11:44
stop loss is important as it can help the trader from gng away into further losses.
Mitglied seit Jun 22, 2020
69 Posts
Jan 05, 2021 at 11:56
cardigan posted:
Stop Loss is very important style to be consider if you do not want your account to get wiped out.
Yes, on point. I made a mistake a while back ago forgetting to put on stop loss and I lost a large amount of bucks for that. Will never make such a mistake again.
Mitglied seit Feb 04, 2021
32 Posts
Feb 09, 2021 at 11:57
I have understood the importance of stop loss after losing money. So, I consider stop loss as a means of risk management.
Mitglied seit Jul 23, 2020
816 Posts
Feb 24, 2021 at 13:48
Stop loss is the best way to minimize the loss in trading. Every trader should use it.
