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Stop Loss Importance
Feb 24, 2021 at 15:51
Anggota Sejak Feb 07, 2015
25 pos
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@
Feb 25, 2021 at 21:14
Anggota Sejak Jun 08, 2014
120 pos
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
Anggota Sejak Dec 18, 2020
35 pos
Mar 25, 2021 at 15:19
Anggota Sejak Jul 19, 2020
788 pos
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.
Anggota Sejak Mar 16, 2021
477 pos
Anggota Sejak Jan 08, 2021
12 pos
Anggota Sejak Mar 17, 2021
536 pos
Jun 07, 2021 at 05:54
Anggota Sejak Mar 17, 2021
536 pos
Akasuki posted:Yes. Without proper knowledge about SL, it is quite difficult to use it.
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Anggota Sejak Nov 03, 2020
65 pos
Anggota Sejak May 27, 2021
64 pos
Anggota Sejak Jun 04, 2021
5 pos
Jun 08, 2021 at 11:55
Anggota Sejak Jun 04, 2021
5 pos
Stop loss is very important! I actually have no idea how traders can trade without it lol. Trading without stop loss is like a guaranteed way to throw your account! Although admittedly, it's a bit challenging to know the optimal stop loss placement because you don't want your stop loss to close our your trades unnecessarily, of course.
“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
Anggota Sejak Jun 08, 2021
9 pos
Anggota Sejak Sep 12, 2017
238 pos
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