You need to understand that using this tool is quite important, but you need to understand exactly when it is better to use it.
Mar 28 2022 at 11:27
The main benefit of a stop loss is that is limits your losses. That is enough to make a stop loss essential
Mar 29 2022 at 05:08
Stop loss keeps you apart from the fear of losing all your money. In the history of forex, there are several records that Forex moved hundreds of pips in the interval of seconds, leaving thousands of traders destitute. So, what big advantage you want more than that.
Mar 30 2022 at 01:57
With stop-loss, you can avoid big losses.
Stop Losses help you to keep your losses in check. If you are a newbie or do not have in -depth understanding of the market, stop losses can help you protect from losses.
Stop Losses are really beneficial in profitable trading, because it provides protection against excessive losses, enables traders to ensure better control of their trading, can be used to monitor multiple deals, easy to implement, and allows newbies to decide on the amount of risk they can take.
Apr 04 2022 at 16:35
Always use a SL
We see there are a huge number of traders who avoid using stop losses. They do so because they don’t know the significance of using stop loss. They give it a sheer importance. Forex is a very unpredictable market where anything can happen anytime. So, using stop loss can protect a trader from balance crashes.
Stop loss protects a trader against sudden losses and so it’s obligatory for a trader to use them. SL and TP using is very important for a Forex trader. But traders can verbalize it hardly and leave using them due to their negligence. So, traders should make it their habit.
Apr 08 2022 at 09:14
without using stop loss your trading condition as like a ship in an deep ocean without any rudder. so it is an inevitable part of trading .
Apr 13 2022 at 06:42
Most of the traders are allergic to using stop losses and its’ because they can’t feel the importance of using stop loss. Using stop loss works as a shield against losses as you know Forex market is too volatile in nature and anything can happen anytime. So here, stop loss works as a security against sudden losses.
Which trader respects the rules of money management surely they use the stop loss trading tool in their trading! I am a day trader & I open enough number of trades in a month! So I can rely on any specific trade position, & this is why I need to use the SL in my live account!
Apr 13 2022 at 09:28
Stop loss is the #1 most important part of any trading plan
Apr 13 2022 at 09:33
menorah111 posted:
Stop loss is the #1 most important part of any trading plan
It really is not only does it protect you against losing your account but it keeps the proabilities in check as well for your wins. Its integral in any good trading plan imo
Stop-loss is one feature in forex trading to protect from bigger losses when the trend is against the order position, maybe not all traders use stop loss depending on the trading strategy that is implemented, but stops loss is good to manage the risk-based plan trading, traders can learn mistake and try more opportunities with use stop loss
Stop-loss is a good risk management technique as it manages the risk by limiting your losses. It can also help protect traders' accounts from losing all of their capital.
Apr 28 2022 at 06:41
Use of stop loss has a cardinal benefit that it protects you from losses. Forex is a highly uncertain market where frequent volatility can destroy anyone’s balance within the blink of an eye. Whether you are a scalper or long time traders, it’s much better for you to use stop loss in any situation.
Apr 28 2022 at 10:21
Stop loss helps you to cut your losses and insures you against big losses in the market.
Apr 28 2022 at 10:29
I believe the most advantage is the I can earn my loss back easily because I only need 7 pips winner to get one loss back or 14 pips winner to earn twice of my loss on a 7 pips Stopped out.
Apr 29 2022 at 04:50
TraderProHungary posted:Thanks! You've covered everything, my friend, and it's a great list.
1; It allows you to grow your profits by gradually without everything you earn, e.g. If you make profits if let's say $500 you can risked $50 from it to chase more profits by using stoploss to that effect.
2; It allows you to control and check your drawdown to minimum, personally I hate d rawdowns above 20%, so i avoid it at all cost by planning my trades with stoplosses well placed.
3: It allows you to have a very good money management.
4; With stoplosses well placed, you can always control your emotions of not letting floatings of huge negative openings.
5; You don't have to worry about spikes, as your accounts are protected by it.
6; You can always plan and know how much you stand to loss if things goes opposit, and if you are not kind traders that stays full staring on their trading computers all day.
7: This is my favourite part, Stoploss can actually allow you to risk very little and gain more if only you are a patient trader and always plan well. E.g When you have $1k, You can risk $50 and target to earn $250 and above or Risk $100 and target 500 and above.
Questions are welcomed
