Stop Loss Importance
Membre depuis Nov 23, 2020
posts 17
Feb 24, 2021 at 04:28
Sarjohn posted:Yes, stop loss is quite important for beginners as well as for advanced traders. It is an effective tool for knowing the amount of money you are about to risk in advance. You can plan your risk reward ratio accordingly.
Stop loss is very important as a newbie I have never traded without stop loss so that I can’t make any large losses. Even I would suggest that if you don’t have much experience then always trade with a stop loss.
Membre depuis Oct 09, 2020
posts 36
Feb 24, 2021 at 11:15
It is really good for minimising the trading loss and I’ve always been using it for my trades. Even the brokers I use put no such limitation on its use so that’s fine I guess.
Membre depuis Jul 23, 2020
posts 869
Feb 24, 2021 at 13:48
Stop loss is the best way to minimize the loss in trading. Every trader should use it.
Feb 24, 2021 at 15:51
Roberto21 posted:Yeah, if there is anything someone should learn, it is how to set good stop losses.
We generally know about the importance of Stop Loss, its common but don’t know when it is more appropriate to use above all the beginner traders. When was a newbie I lost my whole amount due to not using SL and after that I have been using this trading approach till even though sometimes I get more confident about the real faction of this Market.
Sam.peters@
Membre depuis Nov 23, 2020
posts 17
Feb 25, 2021 at 05:33
Rassellkarl posted:That’s good. What brokers are you using?
It is really good for minimising the trading loss and I’ve always been using it for my trades. Even the brokers I use put no such limitation on its use so that’s fine I guess.
Membre depuis Oct 09, 2020
posts 36
Feb 25, 2021 at 10:51
ramirokeller posted:I started with some brokers before but it didn’t quite work for me and now I’m trading with these - Pepperstone, LCG and Fxview. The trading conditions seem okay to me and the platforms are fine.Rassellkarl posted:That’s good. What brokers are you using?
It is really good for minimising the trading loss and I’ve always been using it for my trades. Even the brokers I use put no such limitation on its use so that’s fine I guess.
Feb 25, 2021 at 21:14
I never use stop loss from trading any market .To control the risk and protect my forex account , the leverage is reduced to 1:5 , the stop loss not using during trading does not mean I don't accept any loss . One of the main advantage of not using the stop loss is that the account will survive any spike if any unexpected events occur . Most of the forex brokers advise their clients to use the stop loss but not the low leverage because the more leverage the traders use , the more commission the brokers make .
Often , the best trade is no trade at all
Mar 11, 2021 at 11:38
ramirokeller posted:Yes that is true.. You get to know about the risk also.Sarjohn posted:Yes, stop loss is quite important for beginners as well as for advanced traders. It is an effective tool for knowing the amount of money you are about to risk in advance. You can plan your risk reward ratio accordingly.
Stop loss is very important as a newbie I have never traded without stop loss so that I can’t make any large losses. Even I would suggest that if you don’t have much experience then always trade with a stop loss.
Membre depuis Dec 18, 2020
posts 35
Mar 17, 2021 at 09:59
Yeah beginners can really make use of stop loss to avoid losses in the beginning.
Membre depuis Mar 15, 2021
posts 17
Mar 18, 2021 at 13:02
Loss is a part of trading. If you have good winning percentage and better risk reward ratio, loss should not bother you. Loss bothers so much to clueless traders who have no idea what's they are doing.
Mar 25, 2021 at 15:19
Femilas posted:I am also always in favor of using a stop loss. Stop Loss has saved me from many unexpected losses. So I never want to trade without stop loss.
If we consider a stop loss order from a technical point of view, then it can be compared to a regular pending order, which is activated when the price reaches a given value.
Membre depuis Mar 16, 2021
posts 477
Mar 26, 2021 at 03:46
It is very important to use stop loss to trade by maintaining discipline. Protects to stop-loss account. So I never trade without stop loss. Moreover, to maintain a 1: 2 risk ratio, it is necessary to use a stop loss.
