Stop Loss Importance

Roberto21 posted:
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.

Yeah, if there is anything someone should learn, it is how to set good stop losses.

In any case, stop loss is an important and necessary tool for trading to be successful and profitable.

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 .

Yeah beginners can really make use of stop loss to avoid losses in the beginning.

It is much important to use stop loss to avoid much loss in forex trading.

Learn to immediately apply and use stop loss correctly, and then you will see how useful it is for trading.

Yes stop loss is important but if you do not know how to place an effective stop loss, you will get the stop out more often than normal. You need good expertise to place 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.

Femilas posted:
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.

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.

Stop-loss mostly used to avoid big loss in our trade and also if we want to get small profit then we also use it.

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.

You can probably watch a few videos and read about where to effectively place your stop loss. You will get an idea of it with time and practice.

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.

Akasuki posted:
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.

Yes. Without proper knowledge about SL, it is quite difficult to use it.

Using stop loss really helps a lot to avoid losses that may arise during trading if there are changes in the market.

Stop loss is very necessary, experienced liquidation!

Stop loss limits our losses and that's why it is a crucial part of forex trading.

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.

Stop loss is the single most important thing in trading. next is lot size. everything else is secondary