Importance of stop loss placement in forex trading.

[FREEDOM]

Live trading in the Forex market can be intimidating when you are doing it for the first time, even if you have been practicing on a demo account for a while.

But by using stop lost will make us free of intimidations bro, and this is one kind of the stop lost benefits.
Stop lost also helping us for monitoring the order all the time, means after put the stop lost so we can leave the market.

[nobel77]

stop loss is more important of Forex trading , basically every newcomer think that Forex is easy to operate but they realize when they facing loss in Forex market in this case stop loss is more effective for every traders .

[sarwina90]

use stop loss when trading is one way we have to do so we will not lose much money we invest in this business just because of one mistake we did. we have to get used to trade using a stop loss.

[kammraz]

Because the main function of a stop loss is to make sure you will still have your account if things go wrong. You don't want to get wipe out just because of a single trade. Some people rather let their account be in bad condition but they do not want to cut the losses.

[juned]

correct sir, stoploss is very important to use in our every transaction, stoploss is the easiest thing for us to reduce the losses we will suffer if we are wrong in placing our initial position in the transaction

[iyan50]

experience is gotten by trading with the demo account platfor. So I tell you Bro Jaspa, without the experience of demo account, the market will look so confusing to you though you have the knowledge of it. I will not also deny the fact that we gain more experience as we trade.

[muna1982]

Stop lose is the most difficult for the novice trader, if we can use stoplose trading means it's ready to be a trader but if it does not or can not use it segabai stoplose trader still in doubt

stop loss trading need enough patience to get the benefit. some time many stop loss point may touch in the beginning which make the newbie impatience and their ear that their balance will get lost. stop loss trade is effective when market price change is big and it is continuous in a direction. if the price fluctuate rapidly in short pips change then many stop loss is touched than to hit the take profit. so we have to wail long to get benefit of stop loss trading.

[aisfx]

I'm approval with you, it's really actual that our analysis we do not stress when we reverse the cope, it is likely that adjustment happens before the routine actually happened, but when it exceeds the limit then we can use the cut decrease to those who have used stop loss

some forex trader believe forex movement and dont use stop loss placement, but its very dangerous because forex market its very risk and have big movement, so dont wait untul you loose and you have margin call and your capital will loose big with out stop loss

[shakher]

IMPORTANCE OF STOP LOSS PLACEMENT A lot of traders do not believe in stop loss placement. If I don't already have a forex trading account with OANDA, me.There are times the market noise do not allow you to make stop loss. Just asking because I think it's important to give any possible advice . I say predetermined here to impress upon you the importance of having the stop loss level planned in advance, even before you enter the trade. A stop loss is an order to close out a losing position at a predetermined level, thereby limiting losses on any given trade.

[rashedul]

I've never knowledgeable MC to tetrad times and all that I veteran because I never use catch regress now I right use stopover regress at any dimension order and that's how historic it is to add a conclusion lose