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Stop Loss/Margin of Safety

lauranutt
Oct 09 2020 at 10:59
36 poster
Yes, that’s true, Stop/loss is really very important if you want to limit your losses. Traders should always use it while trading.

Hyalinclay
Oct 23 2020 at 05:15
17 poster
In order to put a limit on your losses and to keep a check on your profits, it is important that you consider stop loss. It is rather advantageous.

stevenflam
Nov 05 2020 at 07:34
24 poster
In order to put a limit on your losses and avoid them, stop loss can be effective for trading. A lot of traders use stop loss to limit the possibilities of their loss.

Marlonsmith
Nov 05 2020 at 12:42
28 poster
Stop loss is an important part of your trading journey. You must be able to use it every time you trade.

mister_trader623 (mister_trader623)
Nov 05 2020 at 15:39
13 poster
To become a successful Forex trader one must have a solid money(risk) management.

Here is money\risk management guideline

Take Profit = ATR x 1.5
Stop Loss = ATR
Risk per Trade = 1%
Max Open Trades = 5
Lot Sizes = mini or micro

I use 'pos_size’ indicator via MT4 to calculate my SL & TP and get my ATR

Be more financially free then yesterday.
Jakemark
Nov 06 2020 at 09:15
37 poster
Stop loss is a very useful strategy to avoid losses. It is important for every trader to analyse and give proper attention to the risk management techniques. It does help in reducing losses and risk.

Bladiminmunro
Nov 06 2020 at 13:08
59 poster
I never trade without stop loss. I make all the necessary calculations and ensure to use stop loss.

Andronn
Nov 08 2020 at 14:15
78 poster
Thanks to stop loss, we can set a clear loss value, which is set as the risk for a given position

ele020 (ele020)
Nov 11 2020 at 06:10
181 poster
SofieAndreasen posted:
Stop loss is essential to minimize risk. Forex is risky market. So, placing a safety pin in trade is a good trading approach.


Yes I completely agree with you. Stop loss is important in trading as it closes an order automatically once the price is reached at a pre-specified level. It prevents large and uncontrollable losses in volatile trades. It is a basic risk management tool and a good strategy especially for beginners.

The more your practice, the more you learn.
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