7 Benefits of using stoplosses

WhiteWitcher

Tham gia từ Aug 19, 2021 203bài viết

Oct 12, 2022 at 10:56

Tham gia từ Aug 19, 2021 203bài viết

Oh I would say some other information.

1 disadvantage of using stop loss:

1. It almost always catches losses, even if they are insignificant lol. 😄😄

FXOday

Tham gia từ Apr 03, 2021 437bài viết

Jan 08, 2023 at 21:33

Tham gia từ Apr 03, 2021 437bài viết

Stop loss is still used many traders to manage the risk in trading, however, there are some traders maybe dare to work without stop loss because they have a reason stop loss is just the cause of loss, in my day trading with FXOpen always use stop loss when open single trade and often work based simple trading support resistance

Marcolis

Tham gia từ Feb 15, 2022 210bài viết

Jan 09, 2023 at 12:17

Tham gia từ Feb 15, 2022 210bài viết

Forex traders have to be mentally bold enough so no sudden collapse can cause harm to traders. But we see many traders are mentally weak with low sustaining power.

FXOday

Tham gia từ Apr 03, 2021 437bài viết

Feb 16, 2023 at 22:24

Tham gia từ Apr 03, 2021 437bài viết

Trading without a stop loss is dangerous because the market is very dynamic and unpredictable, in every second the price always changes and does not always move in our favor of direction, stop loss is a feature to manage the risk although there are advantages and disadvantages.

Ambersmith345

Tham gia từ May 02, 2022 37bài viết

Feb 17, 2023 at 12:20

Tham gia từ May 02, 2022 37bài viết

Here are 7 benefits:

1. Limits potential losses
2. Reduces emotional trading
3. Protect profits on a trade
4. Improves risk-reward ratio
5. Save time and reduce the potential for human error
6. Provides peace of mind
7. Enhances trading strategy

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