7 Benefits of using stoplosses

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. 😄😄

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

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.

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.