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Believes.

lovefortrading (perryjohn765)
Sep 09 2020 at 08:24
posts 238
A stop-loss order eliminates emotions that can impact trading decisions. This can be especially handy when one is not able to watch the position. Stop-loss in Forex is critical for a lot of reasons. However, there is one simple reason that stands out - no one can predict the exact future of the Forex market. It does not matter how strong a setup may be, or how much information might be pointing to a particular trend.
EllisParker
Sep 10 2020 at 07:13
posts 34
SofieAndreasen posted:
Stop loss is important factor in trading. Trader should have good understanding of support and resistance level to place good SL order.

I agree. Many traders dont use it at all. I believe its one of the most underestimated things but is a great way of keeping your losses limited.
ElliotCooke
Sep 10 2020 at 11:04
posts 341
Especially professional traders don't use a stop loss. Because they are confident with their strategy. But every new trader should use stop loss to control their losses as mc as they can.
Michihito
Sep 10 2020 at 12:41
posts 298
Mental stop loss is okay for them who glue their eyes to trading platform until trade is closed. It's all about what you are comfortable. As long as you are making consistent money everything you do is best for you. We have to change what needs to change.
AliaDare
Sep 25 2020 at 01:09
posts 788
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.
SofieAndreasen
Oct 18 2020 at 17:18
posts 759
AliaDare posted:
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.
Stop Loss is important to survive in the market. No one know when market will take your whole capital. So, it is better to be safe.
Tremblay
Apr 28 2021 at 18:48
posts 330
SofieAndreasen posted:
AliaDare posted:
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.
Stop Loss is important to survive in the market. No one know when market will take your whole capital. So, it is better to be safe.
When you are going to use stop loss, you need to have proper knowledge about it.
Gergo_01
Apr 29 2021 at 07:54
posts 24
Stop Loss is a great tool to lessen the probabilities of loss.
wois25 (wois25)
Apr 29 2021 at 09:13
posts 14
yes is good, but for this moment most of my positions is closed via stop loss:/
LukeRachel
Apr 29 2021 at 23:58
posts 477
Every trader needs to be emotionally strong. It has happened to me that after placing a stop loss if the price moves closer to that stop-loss, the stop loss shifts, and the number of my loss increases.
robindude
Apr 30 2021 at 06:20
posts 107
Which is why it is important for them to realize the importance of being a disciplined trader.
BrantleyC
Apr 30 2021 at 06:33
posts 16
Discipline is indeed very important. It keeps you organised and away from panic and stress as well.
opportunitycalls
Apr 30 2021 at 08:25
posts 8
I think that a trading plan really helps with discipline. Get a plan and it will give you a frame work to stick to and be discipined
UweMoench
May 01 2021 at 13:16
posts 751
@opportunitycalls Yes you are right. Plan with discipline is very important in forex trading. After making a plan, sticking to the plan is important. Most people can not do it.
LyudmilLukanov
May 01 2021 at 16:43
posts 809
BrantleyC posted:
Discipline is indeed very important. It keeps you organised and away from panic and stress as well.
I also agree. Traders can manage the trade with true discipline.
SteveHanks
May 21 2021 at 17:53
posts 536
opportunitycalls posted:
I think that a trading plan really helps with discipline. Get a plan and it will give you a frame work to stick to and be discipined
Yes. You are right.
Dictiony
May 25 2021 at 00:18
posts 231
Discipline is very important and it always helps you to be a successful trader.
AliaDare
May 25 2021 at 14:53
posts 788
Yes, this is usually done by beginner traders. However, in many cases, many experienced traders do it. We need to control our mindset. If psychology is not maintained properly, it will be very difficult to make a profit.
RobertFerrari
Dec 17 2021 at 05:07
posts 391
AliaDare posted:
Yes, this is usually done by beginner traders. However, in many cases, many experienced traders do it. We need to control our mindset. If psychology is not maintained properly, it will be very difficult to make a profit.
Proper planning can help a trader to control his mindset.
Seb King (sebking1986)
Dec 17 2021 at 13:43
posts 448
The concept of a 'mental stop loss' isn't used by big institutions or banks, I can be sure of that! Greed leads to doing that and a complete lack of understanding of risk management.
If you can't spot the liquidity then you are the liquidity.
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