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Really the stop loss is very important in every position opened, you must calculate your position and put a point of loss by determining what you can bear of money loss. So, every successful trader advice all traders to protect their money by put stop loss in every position.
stoploss definitely helps to protect our account in case our analysis is wrong. If you're constantly in front of the computer during trading, you can also manually cut your losses if you dont use the stoploss function of course
Yes we can mix with another strategy on trade, but as much as our own experience is good, we can still borrow one or two things from the experience of other traders, its called learning from someone else's mistakes so as to avoid the pitfalls.Quote:
Originally Posted by Jatal
sir stop loss tool ki forex trading business main bohot ahemiat hai aur ye tool hamare loss ko minimize karne main bohot help deta hai lekin bohot se new traders is ko itna important nahi samjhte hain aur na stop loss ko use karte hain aur na take profit ko.
I think stoploss is mandatory for every trade. You will not stay in front of your pc all the time to watch your position. In case of market reversal your trade may turn red. So to stop your loss stoploss is mandatory.
haan bhai ab main bhi ye samjhane laga hoon stop loss kitna important hai maine kafi baar loss se sikh liya hai ki stop loss na use karne wale ke saath aisa hi hota hai so bhaiyo main stop loss ka matlab samjh chuka hoon agar ye na lagaye to har trade khatre mein hoti hai
sometimes trading will not go to your favour.in that time do not quite trading.because the situation is not created so it will be changed after some time. sometimes lose 95% of the day while winning the merchant only 5% of that when you lose I know you're not alone when you win I know that we are good people in the field of forex as long as we want it.Quote:
Originally Posted by worldforex
i feel that would be great idea for those if we set stop loss for many our trades by this approach we are able to not suffer huge loss within the forex market we ought to want to actually manage here our cash well and want to try and do here exertions if we actually wish to succeed here nice and straightforward cash.
continuous trading is definitely unexpected. and there is no such a single mandatory law or rules for the trader that they can't take rest.
even they must to take a break while trading to change the plan and even up****e the methods of trading.
stoploss is must for a beginner and for a safe trader some risky traders don't trade with stop loss and sometimes they earn huge profits but sometime they are in loss. For a newbie stop loss always protect from bigger loss so I recommend new trader to trade with stoploss