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.
