要使用聊天,请登录。

Why stop loss order are important and tips ?

mdsh7864
Jun 20 at 06:31
28帖子
This is the most common problem among traders. How to set stop loss to protect position but not to be stopped out too soon? The good news is that setting stop losses with Fibonacci trading tools is easier. In this article you can read about basics of setting stop losses and some more advanced tips.

1. Research about Stop-loss orders.
Once a trade is showing a moderate profit, a trader commonly adjusts the stop-loss order, moving it to a position where it protects part of the trader's profits in the trade. Continuing with the previous example, assume that after the trader buys EUR/USD at 1.1500, the price subsequently goes up to 1.1600. At that point, the trader may move their stop-loss order up to 1.1540, thus protecting almost half of their existing profit in the event the market turns down. So, first research about stop loss orders and then start trading. Because, stop loss order is really important in trading. if you want to protect your money.

2. Limit Order
A limit order is placed when you are only willing to enter a new position or to exit a current position at a specific price or better. The order will only be filled if the market trades at that price or better. A limit-buy order is an instruction to buy the currency pair at the market price once the market reaches your specified price or lower; that price must be lower than the current market price. A limit-sell order is an instruction to sell the currency pair at the market price once the market reaches your specified price or higher, that price must be higher than the current market price.

3. Setting Static Stops

Traders can set forex stops at a static price with the anticipation of allocating the stop-loss, and not moving or changing the stop until the trade either hits the stop or limit price. The ease of this stop mechanism is its simplicity, and the ability for traders to ensure that they are looking for a minimum one-to-one risk-to-reward ratio.

4. Manual Trailing Stops
For traders that want the upmost control, forex stops can be moved manually by the trader as the position moves in their favor.
You can visit here for more information
https://tradersunion.com/interesting-articles/stop-loss-order-should-i-use/
Thanks.

forex_trader_[2237169]
Jun 20 at 06:38
36帖子
Just place a stop and secure your profits, i use stop losses on volatile pairs or use a very small lot size if i dont want to place stops, both of this helps me to keep making profits and i can exit trades without letting it get to my stoploses first if i see a reversal. Just be deciplined about it and you will keep making profits.

Akasuki
Jun 20 at 11:26
166帖子
For short term traders, stop loss is very important. In short term market can move in both ways even if it's in trend. To save your capital from unwanted loss, stop loss is important. But you need good understanding of the market to place a good stop loss.

AliaDare
Jun 20 at 16:04
523帖子
If I want to manage the risk properly, I must use stop loss. A trader can not secure the account without managing risk. Stop loss protects from unexpected losses. Discipline helps trading in maintain.

innovative
Jun 22 at 06:10
31帖子
Trading without a stop loss is a sure way to completely lose your deposit.

eddieteddie
Jun 22 at 10:24
13帖子
Agreed. They play a critical role in your trading to minimize the losses that you are making in case the order goes the reverse.

Killerbee12
Jun 22 at 10:53
9帖子
Good thread. I hope that many trader read this so that they can save themselves from losses

perryjohn765 (perryjohn765)
Jun 22 at 12:03
215帖子
Stop losses can help you going into further losses.

AliaDare
Jun 22 at 17:19
523帖子
perryjohn765 posted:
Stop losses can help you going into further losses.

Protects stop loss from excess loss. If the trader wants to make less loss then a swing point stop loss should be given.

FXOday (FXOday)
Jun 22 at 23:34
85帖子
Using trailing stop is a good trading plan when the strong trending market, usually I like to manual stop loss and modify when needed, looking at the level price that formed support and resistance zone to placed stop loss.

请登录以发表评论。