Feb 07 at 14:13
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.
Feb 08 at 06:11
UweMoench 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.
its not even that difficult, yes it does involve a couple of factors to consider like, the extent of loss you are willing to bear, what are the ongoing spreads, a stop loss should never be so tight that it gets no space to breath and even a slight movement in the price triggers the stop loss level.
The more your practice, the more you learn.
Feb 08 at 06:35
A demo account helps a lot to learn how to set a stop loss, because your profit will depend on it.
Feb 08 at 15:34
I find it a bit complicated to place a stop loss in trading. There are certain things to consider, like trading styles, risk-taking, and should know resistance levels to place a stop loss.
Feb 09 at 02:18
Discipline cannot be maintained without stop loss. Therefore, every trader should use risk rewards to maintain risk.
Feb 09 at 05:07
I guess SL can save us against those unbearable losses in trading, but I really get irritated when my stop loss gets hit and the very next second the price moves in my favour, just hate that feeling.
Feb 11 at 09:03
It’s true that placing stop losses requires a lot of forex knowledge but once you learn this, you’ll always be safe in the game.
Feb 12 at 06:11
You should not risk trying trading without stop losses, this will definitely lead you to losses, especially if you have no experience and practice.
Feb 12 at 11:32
Setting a stop loss is an integral part of successful trading. However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop loss at least 30 pips away and usually place it from 30 to 80 pips depending upon the trading strategy.
Feb 16 at 17:41
jeffreyreed posted:
Setting stop loss might seem difficult in the beginning. But when you start using it in all of your trades, it won’t feel so.
I think placing stop loss at right is hard especially for new traders. Support and resistance level play important factor regrading this matter.
