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 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 at 11:44
stop loss is important as it can help the trader from gng away into further losses.
