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Why stop loss order are important and tips ?

gradking
Jun 23 at 06:05
15 Posts
Really don't about big firms are suing that but as a retail forex trader, it is always better to exit the position with small loss other wise have to go home with the big sack of loss. Moreover if trade returns to the better position you can enter there as well. its all about timing and managing the risk.

Sar John (Sarjohn)
Jun 23 at 10:02
184 Posts
Stop loss bounds your losses and protects you from going to further losses. That is why for beginners it is always said to trade with stop loss.

Chitanga1993
Jun 23 at 13:38
1 Posts
risk management should be a priority all time .

RobSchiz
Jun 23 at 18:10
304 Posts
Sarjohn posted:
Stop loss bounds your losses and protects you from going to further losses. That is why for beginners it is always said to trade with stop loss.

Yes. It is very necessary to control you losses.

Suradi (FXOday)
Jun 23 at 23:14
115 Posts
Retail trader they only follow the market to making a profit, trading against the market is a disaster, but in fact not always trader having precisely prediction all the time, when getting in wrong direction stop loss or cut loss is one way to manage the risk, as trader retail only trying to manage the risk but they cant control the risk, its why important stop loss for them

yana hansen (78678676)
Jun 24 at 06:46
133 Posts
Placing a stop loss is not mandatory but an extremely important risk management tool that will eliminate or limit or losses to an extent.

UweMoench
Jun 29 at 12:36
545 Posts
If you are a short term trader, and don't use stop loss. You may end up losing all the money if market goes against you. In short, sometimes market retrench a lot.

AliaDare
Jun 29 at 15:47
575 Posts
innovative posted:
Trading without a stop loss is a sure way to completely lose your deposit.

Yes, you are right. Emotions work when I don't use a stop loss. Can't manage risk ratio. This can ruin my deposit.

DaiwanHicks
Jun 29 at 16:00
1 Posts
You should use a mental stop loss in my opinion. If you are a scalper like myself showing your stop loss to the broker is a mistake. They will take positions against it...

UweMoench
Jul 05 at 12:08
545 Posts
@DaiwanHicks Mental stop loss is okay if you watch the charts very often but those who are not able to watch the market, they need to use stop loss.

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