Yes this is mandatory in all trade . If any one just going with loss then no one want to come to forex trade and any other trade . So this is must mandatory in all .
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Yes this is mandatory in all trade . If any one just going with loss then no one want to come to forex trade and any other trade . So this is must mandatory in all .
stop loss is very important for trading at forex it will not only stop your loss but also avoid you from losing you money according to my point of view stop loss is essential for working with Forex if some one is doing trade without stop loss then its better to have this in order to avoid loss
Every day hundreds of Forex traders darned themselves for being so uninformed and trading without conserving stops. Hundreds of others regress funds couturier weeks, months & flat eld of trading meet only in one very disappointed transaction.And yet other hundreds of traders, having heard piles of times almost importance of antifouling stops........
there are many trader they trade without using the stop loss but i think it's very dangerouse and they can loss their capital in any time so to avoid loss ou capital i think you'd better use to stop loss because it limit the loss and we need also a good money managment .
stoploss is not fully mandatory for every trader we can use it when we fill that we do not want to make any trade at that time you can use this option to reduce the risk of facing the loss in forex.
"some traders think that every entry pointnya prices will move in the direction he had hoped, and he always ignored the stop loss, it is not inevitable,,
because in this world nothing is to analyze 100% accurate, so use a stop loss that can minimize losses, , "
---------- Post added 06-24-2012 at 12:31 PM ---------- Previous post was 06-23-2012 at 07:03 PM ----------
-I think it important whether or not the opinion of the use of stop loss, it can vary depending on the tradernya. Purpose of the stop loss is to limit the risk, to immediately close a position that is in floating minus. Some traders consider it very important, but other traders who usually are the type of scalper, they usually do not use stop loss.
Well I agree if you are 100% sure that your trade will hit tp and it will not go in negative direction you have no need to use stop loss. but in forex nothing is 100% accurate market can turn anytime and if you don't have sl than you may lose all your account so better to stay safe and use sl.
No,i think that stop loss is not mandatory for every trade.I use stop loss in every long trade and when i do scalping i use stop loss.
Mainly we use stop loss to limit our loss, we put it on the calculated level and our posiion exit when market touch to that point. And if we do no use than we may suffer more than that.
Currently if you are using a stratey without stop loss than its better to consider and this always help to aviod margin call.
Well, thank for your exciting post. i totally agreed with you, they trade forex and they can't earn money and they loss a lot because they don't know any things about this market, they think that forex is so easy. Some times they use the stop loss and when they loss, they blame for market, but if they know clear about support and resistant, they can advoid this mistake.