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yes I also often see the pro traders trading with risk priority first, this looks of him just put stop losses in Its entriesQuote:
Originally Posted by naija
then leave them without a take profit position, this provides an unlimited profit potential with limited loss :)
Losses are just like cars without brake, and it only takes a strong force to stop the car from moving forward, which is the need for something to wage it, that is the roles of stop loss in trading.
You have good statement bro, and for me stop loss is so important for preventing huge loss that may we got. And without stop loss, we will risk so much amount of our balance even all of our balance, that will terrible.Quote:
Originally Posted by naija
The stop lose is an important tool to use while trading.we need to always protect our balance by a stop lose and even think about take profit.without stop lose we can see or account being margined and we need the best placement of it
limited trading in forex for newbie is very helpful . it will give them strength to trade more and earn more. if newbie place his stoploss torget he can save more losses.
by the use you can protect your account this is the best for you by the use stop loss you can go out from the your trade you you can use it happily this is the best for the busy people by the use it you can be free from the risk
from the fromation i get i learn to important think "stop_loss" and "take_profit" this tow thin are the kye to succes in forrx trading , stop_loss can mimumiz the risk in your trad and stop the big loss that you maybe can hapen to you so it is so important and evry good trader nouw this
yes trading with stop losses gives you a certainty that you will not loose more than the specified amount which you have set for stop loss and if the trade goes in right direction still you will be certain to book profit if you have placed the take profits.Quote:
Originally Posted by poorman2t4
Good advice , yes I also want to always set Stop Loss as well as Take Profit in every my trade, actually i think it is a needed for me because I can not always monitor the market , i have other job in my life so I am usually turn off the computer after setting stop loss and take profit , i will set 50:50 , without setting it I would not be relax when leave itQuote:
Originally Posted by Shumaila
Good Day Everyone,
Before i started i just want to say thank you for your amazing subject, stop loss is the safety button for the trader and the way you putting it can show your skills in forex. When we sit the stop loss line we must make sure it's not too far or close from the current price so he can handle the oscillation of the price.