Importance of stop loss placement in forex trading.

If you are using the stop loss, it will protect your trading account, this is what a reasonable forex trader wants, if you use it, it will automatically cut the risk that you are using, it is very good in the account management.

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Originally Posted by cozard007

If you are using the stop loss, it will protect your trading account, this is what a reasonable forex trader wants, if you use it, it will automatically cut the risk that you are using, it is very good in the account management.

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money management is very essential thing in the forex business. It helps to take decision and trade in the market. It is very important for any type of business. You should have proper money management knowledge so that you can gain the forex market.

stop loss is really important to use in our trading. it can help our account to be blown up or taken a bigger loss that we dont expect to make. so we should use stop loss in our trading. learn money management to better apply and use stop loss in your trade.

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Originally Posted by Mahdix

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

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yes stoploss is an important instrument that many overlooked by traders, either pro or beginner :)
many systems instead use averaging instead of using stop losses in anticipation of their loss

stop loss aik bhot acha tool he jo ke hame provide kia gia he jis ki madad se ham trading ko kisi bhi time pe rokh sakte he wo bhi bagher kisi important work ke bus kamm itna he ke apko sai tarike se stop loss limit laga ni ani chaye ta ke apka age ka kaam ho sake and stop loss aik aesi cheez he jis ki waja se hamari trading khud hi time pe modify ho jati jo ham chate he.

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Originally Posted by a_for_apple

yes stoploss is an important instrument that many overlooked by traders, either pro or beginner :)
many systems instead use averaging instead of using stop losses in anticipation of their loss

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sometimes not because of ignoring, but because it used a strategy that does not require a stop loss, I think, do not always stop loss benefit, sometimes it stop loss be the cause of loss.

indeed, stoploss is one of the strategies that we need to reduce the loss occurred. to put a stop loss, you need a sufficient knowledge utuk can put a stop loss at the right point. because if we put a stop loss too close to an open point, it will be too soon touched when the price will be put towards our take profit

As a trader learning forex, it is right to understand the use and importance of stop loss in trading. Because stop loss is the money measures which can prevent margin calls and stop out. Stop loss is one of the most useful instruments of money management.

Yes friend I also strictly use stop loss in my every trade because it helps me to protect my account balance.As Forex is a very liquid and volatile market so market can move in opposite direction of my trade anytime so I always set both take profit and stop loss and I never trade taking high risk.

why most of people not intrested to take stoploss. because they use the high leverage, high risk to trade. so they dont need to use the stoploss. if the market movement change to 30-100 pips then automatically their order is close. so they are not using it. its may be overconfident, they overconfident on their anlayis, if you think , on other type. like market change any time. then you use the stoploss.to protect from that situation.