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Importance of Stop Loss

iamjacobs
Nov 07 2018 at 11:47
17 inlägg
Be careful. Stop losses have a habit to be closed by. Moreover, stop loss will not save you from 1000pips one time movement, it doesn't work when the market gets crazy.

RampUpToForex
Nov 08 2018 at 07:16
9 inlägg
Better to be closed at the stop loss than close 100 pips lower down with a bigger loss!!! Stop loss are critical for risk management

ChillBro
Nov 08 2018 at 13:20
9 inlägg
Yeah only newbies and trade without a stop loss. Using a stop loss is trading 101

yellowman94
Nov 08 2018 at 13:22
41 inlägg
not many traders use stop loss, but i recommend for the newbie's. i am out of the newbie phase and i still do use stop loss.

iamjacobs
Nov 12 2018 at 13:42
17 inlägg
Moreover, using stop losses depends on the trading system you use. If your trading system without stop losses works, do not start to use stop losses just because the forum says.

ShamrockEire
Nov 12 2018 at 15:09
9 inlägg
There are no trading system that work that don't use stop loss. FACT. If you use no stop loss then you could always lose all your profit in one trade. That is no strategy to use

vontogr (togr)
Nov 14 2018 at 14:51
4862 inlägg
There are different kind of SL
Used wisely it can save your account. Otherwise you can suffer unnecessary loss or big loss.
1. SL per position - most common understanding os SL. Where each trade has SL defined in pips. Often result in closing position prematurely when in loss before it become profitable.
2. SL per equity. I prefer this one. You define level - e.g. 10% at which all your positions get closed and trading is halted.
3. Leverage. I often hear that low leverage serves as stop loss. Well it is side effect no primary purpose.

Imamul
Nov 15 2018 at 07:17
615 inlägg
in Fx Failure rate doesn’t matter. Matter is why traders have been failing. According to me, beginners trader fail after passing sometimes in live account because they have no trading discipline and always trade with emotions as well try to take revenge after having a loss. And some experience traders lose due to their overconfident. Practically there is nothing 100% in Forex .

AniLorak
Nov 15 2018 at 07:39
920 inlägg
togr posted:
There are different kind of SL
Used wisely it can save your account. Otherwise you can suffer unnecessary loss or big loss.
1. SL per position - most common understanding os SL. Where each trade has SL defined in pips. Often result in closing position prematurely when in loss before it become profitable.
2. SL per equity. I prefer this one. You define level - e.g. 10% at which all your positions get closed and trading is halted.
3. Leverage. I often hear that low leverage serves as stop loss. Well it is side effect no primary purpose.


Well said! By the way, I always set my SL acceding to the position of support/resistant levels! I don’t take this decision based on my own choice.

Jingyi
Nov 15 2018 at 11:18
8 inlägg
Me to. S/R is a better way to set SL. everything else is arbitrary. Let the market define the SL

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