May 22 2020 at 11:54
certainly this is one of the most important tools for any trader
May 22 2020 at 15:29
I believe I wrote the benefits of stoploss and some people still chose to ignore it https://www.myfxbook.com/community/general/7-benefits-using-stoplosses/2197277,1 This has been my greatest protection tool in saving my profits which made me successfully become a professional.
Market Direction
Stop Loss should be set at the level of a possible rebound, which must be calculated on the lines of support and resistance, channels and other tools.
This tool is used by all traders, so of course it is very important for everyone
May 25 2020 at 19:17
gans5566 posted:
This tool is used by all traders, so of course it is very important for everyone
No it's not used by all, I have seen a lot here that don't use it.
Market Direction
Stop loss gives me the opportunity to not lose money
if you are trading without stoploss - you are daredevil. and I feel so insecure talking to people like that haha
Jun 10 2020 at 11:53
There are always FX traders who don't want to close a losing trade because they think that the market will move in their favour. But the problem is, the markets are not generally known for moving in the favour of individual traders, so trading Forex with no stop-loss is literally like putting emotions over logic. But keep in mind that stop-loss orders do not guarantee you profit – nor will they make up for a lack of trading discipline. You need to be confident in your trading strategy and stick to your action plan.
Jun 10 2020 at 12:00
Stop-loss is useful tool for almost all currency trading strategies as it can be attached to both long and short trade positions. No matter how closely one might try to monitor the market, it is impossible to accurately predict Forex market movements. Every day comes with changes that have significant impact on the market, such as global politics, central banks’ actions, and economic events. Many global factors can cause major shifts in the trend of currencies at the snap of a finger. As such, even the savviest trader can find themselves on the adverse side of a market move. When severe market dips happen, stop loss trading can help to close out your position and prevent excessive losses.
Informed Forex traders always include a stop-loss order when placing trades. In fact, you should not, or else you risk blowing your account up with losses when the price trend goes the unexpected way.
Informed Forex traders always include a stop-loss order when placing trades. In fact, you should not, or else you risk blowing your account up with losses when the price trend goes the unexpected way.
Jun 12 2020 at 19:50
Stoploss have been one of my best tools for making huge profits against the market, and afford me the best RiskManagent. No Stoploss, No Trade for me.
