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7 Benefits of using stoplosses

Membre depuis Aug 19, 2021   posts 214
Oct 12, 2022 at 10:56
Oh I would say some other information.

1 disadvantage of using stop loss:

1. It almost always catches losses, even if they are insignificant lol. 😄😄
Membre depuis Apr 03, 2021   posts 470
Jan 08, 2023 at 21:33
Stop loss is still used many traders to manage the risk in trading, however, there are some traders maybe dare to work without stop loss because they have a reason stop loss is just the cause of loss, in my day trading with FXOpen always use stop loss when open single trade and often work based simple trading support resistance
Membre depuis Feb 15, 2022   posts 219
Jan 09, 2023 at 12:17
Forex traders have to be mentally bold enough so no sudden collapse can cause harm to traders. But we see many traders are mentally weak with low sustaining power.
Membre depuis Apr 03, 2021   posts 470
Feb 16, 2023 at 22:24
Trading without a stop loss is dangerous because the market is very dynamic and unpredictable, in every second the price always changes and does not always move in our favor of direction, stop loss is a feature to manage the risk although there are advantages and disadvantages.
Membre depuis May 02, 2022   posts 38
Feb 17, 2023 at 12:20
Here are 7 benefits:

1. Limits potential losses
2. Reduces emotional trading
3. Protect profits on a trade
4. Improves risk-reward ratio
5. Save time and reduce the potential for human error
6. Provides peace of mind
7. Enhances trading strategy
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