Feb 25 at 05:33
Rassellkarl posted:
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.
That’s good. What brokers are you using?
In any case, stop loss is an important and necessary tool for trading to be successful and profitable.
Feb 25 at 10:51
ramirokeller posted:Rassellkarl posted:
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.
That’s good. What brokers are you using?
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.
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
ramirokeller posted:Sarjohn posted:
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.
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.
Yes that is true.. You get to know about the risk also.
Mar 17 at 09:59
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.
Mar 18 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.
Learn to immediately apply and use stop loss correctly, and then you will see how useful it is for trading.
Mar 25 at 05:26
Yes, stop loss can actually save a trade from incurring losses. People should know how to use it appropriately.
