Stop Loss and Take Profit...

[marzuki]

Stop loss and take profit are important tools and that is part of every strategy and analysis. I use stop loss at support and resistance. and most stop losses saved me from big losses when I wasn't near my PC. taking advantage and stopping losses also helps control emotions such as greed. they reduce risk in our Forex trading. so they are important for every beginner or senior trader.

[Ahsan668]

necessary or i just want to leave my order for several times, because i am a scalper and i always keep an eye for my order,
and then i prefer to use hedging or just cut loss it if i face unwanted situation
but for SL or TP, before we think about it, then we have to think how to put the order at the right track then we can set them with relevant
because it is not good if SL is easier and often touched by the trend.

[safehouse]

"Stop loss and take profit" it is an important speech of Forex Trading. If you get loss in first time i think you will lose your interest and confident. So first time taking profit is very much important. For this reason it is said that "stop loss and take profit"

[syukirman]

Dear friend, all traders use different styles. Maybe my trading style can't accept other people because I use my own trading style to stop loss and take profits. In my experience, I only use take profit, I never use stop loss when I start trading the last 2 years. Stop loss only hopes for the loss I believe. But when I share this with friends they do not agree but in my experience getting profits is only without loss but some time maybe I close the trade in losses but I never put a stop loss

[hogaman]

to set a stop loss, so you have to have a good analysis before placing an order, and this is a way to reduce risk and also reduce floating minus. and then you can set a stop loss based on market conditions, you can use support and resistance or just use your own settings or experience that I suggest you trade with relevant targets, take easy and easier ways to be touched by market prices

[sodar]

Most of the time I use stop loss and sometimes profit too. If a trader has a mentality to stay on the market then he must protect his account balance first than we set. This is also the main purpose for using this order. We protect our deposits from sudden large market movements towards us. but I advise you to use it it is possible to move the market more than 50 points in a few seconds

[Attraction]

For me I am always put stop loss and take profit in my intera day trading Only few times i not use stop loss when i traded under special strategy in Forex trading. If traders not used take profit and stop loss then they need to do manual execution for profit or exit from open trade It is not advisable for traders to trade without these two tools specially in situation of long time out from seating at front of computer screens really and be an expert on this form.

[ntn]

Yes you are right and you are right it all depends of the traders I guess if you take stop lose only 20 pips then it will be easily moved when we have floating minus except if the order you do is always right and never fail and do not feel greed.

[sodar]

I think Forex is a good business. I am the opposite. Most of the time I use stop loss and sometimes profit too. If a trader has a mentality to stay on the market then he must protect his account balance first and for that no doubt stop loss saves a lot. From my opinion, not using stop loss is not a fair decision because you never know where the market trend is suddenly because the most reliable source trader is probability. Have a nice day. Thank you ..

[letti]

We protect our deposits from sudden large market movements towards us. From my opinion, not using stop loss is not a fair decision because you never know where the market trend is suddenly because the most reliable source trader is probability. Most of the time I use stop loss and sometimes profit too. If a trader has a mentality to stay on the market then he must protect his account balance first and for that the stop loss will no doubt save a lot. Thank you to every trader.