My friend it is needed at every trade to avoid incidental loss and we know that sometimes market needs to rebound the market and we have to wait for long and it is not a good strategy for a successful trader.
My friend it is needed at every trade to avoid incidental loss and we know that sometimes market needs to rebound the market and we have to wait for long and it is not a good strategy for a successful trader.
well personally to me I do think we must never assume that the stop loss will only hurt us, because if we are trading without a stop loss, and prices are very tight against our position, we would be very sorry because it does not put the stop loss , that's why I think that the stop loss is essential
well I personally think in forex trading i never want to use stop loss because I always think that prices will return soon or prices will touch my stop loss and return back, so that is the reason not to use stop loss tool.
Either you must be a very good trader or you must be loosing a lot of money in these markets. How can you be so sure prices will come back and if you are so sure that means you must be making a lot of money in these markets and you must be a very rich person. Markets can continue going in opposite direction for hundreds of pips in one go .Quote:
Originally Posted by ity
dear of course I also think that with small accounts stop loss is much important. It prevents you from margin call and bankruptcy. But if you a big account then you can go without stop loss. The only purpose of stop loss is to prevent from big loss.
yes my dear I actually consider that traders could only predict with confidency level if the price will move like expectation in certain percentage but it's impossible to make sure 100% if the price will return so it's still important to put Stop Loss to prevent big loss when the prediction is not true.
this thing is a real life server for trader in Forex trading , where to choose the lowest level so that if it has reached the price to this level is then closing the deal, as we said in the beginning, this thing is a real lifesaver for traders in the Forex market, and is used frequently when Forex traders to fall asleep and leave open trades. It's no wonder that the trader wakes up the next morning has lost all his money that did not use it so,because the price movement has been particularly volatile at the time of release of the data and indicators.
My friend we know that stop loss is very very important in forex trading and we know that if we can trade with proper discipline only then we can make profit and without using stop loss, means taking high risk at the forex trading.
---------- Post added at 12:06 PM ---------- Previous post was at 11:56 AM ----------
My friend we know that stop loss is very very important in forex trading and we know that if we can trade with proper discipline only then we can make profit and without using stop loss, means taking high risk at the forex trading.
well my dear I personally consider stop loss serves as a safety device so that capital is not exhausted immediately. You expect a profit, then you open a position, but if you do not think about the possible risks? That is the importance of stop lose. You lose, but you really do not fund hebis all, and you can still trade with the remaining capital.
dear for me I think in forex trading market always make correction but you need to udnerstand when market can make bounce so you need to analysis market very good and find some possible support or resitance to place your stop loss or take profit target.