Jan 05 2021 at 11:56
cardigan posted:Yes, on point. I made a mistake a while back ago forgetting to put on stop loss and I lost a large amount of bucks for that. Will never make such a mistake again.
Stop Loss is very important style to be consider if you do not want your account to get wiped out.
Feb 04 2021 at 14:20
I think those who initially say that stop-loss is not a good trade, as a result, they understand its expediency and begin to use it.
I never trade without stop loss because this gets you out of your position if the price turns against you. It is a good risk management strategy to use.
Feb 09 2021 at 11:57
I have understood the importance of stop loss after losing money. So, I consider stop loss as a means of risk management.
I think you are not the only one who understood the importance and significance of stop loss through the loss of your funds.
Feb 16 2021 at 08:44
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.
Feb 24 2021 at 04:28
Sarjohn posted: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.
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.
Feb 24 2021 at 11:15
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.
Feb 24 2021 at 13:48
Stop loss is the best way to minimize the loss in trading. Every trader should use it.
Roberto21 posted:Yeah, if there is anything someone should learn, it is how to set good stop losses.
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.
Feb 25 2021 at 05:33
Rassellkarl posted:That’s good. What brokers are you using?
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.
In any case, stop loss is an important and necessary tool for trading to be successful and profitable.
Feb 25 2021 at 10:51
ramirokeller posted: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.Rassellkarl posted:That’s good. What brokers are you using?
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.
Feb 25 2021 at 21:14
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
Mar 11 2021 at 11:38
ramirokeller posted:Yes that is true.. You get to know about the risk also.Sarjohn posted: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.
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.
Mar 17 2021 at 09:59
Yeah beginners can really make use of stop loss to avoid losses in the beginning.
Mar 17 2021 at 10:13
It is much important to use stop loss to avoid much loss in forex trading.
Mar 18 2021 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.
Mar 22 2021 at 14:39
Learn to immediately apply and use stop loss correctly, and then you will see how useful it is for trading.
Mar 25 2021 at 13:12
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.
