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yes my dear I actually do believe I only using stoploss tool if I cannot facing my trading terminal for long time and I am afraid I will lost too much when I am leaving this to do something else. So I am seldom to use stoploss tool when I am trade forex.
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open a trade we are expecting that price shall touch a particular level and we set our target at that price principle of the strategy that was already in practice earlier in the demo account for months already script management has made
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actually my dear for me I consider that if the stop loss is used then we must also know that the chances of getting the stop loss being hit will be solely depends on the timings of the placing the orders into the markets. If we have a good trade , but the timings are wrong then it will hit the stop loss easily..
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Trader ko stop loss lagana me koi thik nahi hoti hai lekin sahi point par stop loss lagana ke liye trader ko market me achhe se technical analysis karni hogi agar trader sahi se analysis kar lete hai to fir wo apne order me sahi se stop loss laga sakte hai.
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well, personally in forex I do consider its very simple to use stop losses in our trading. to use a stop loss you must understand your strategy, then resistance equity how much you want to, and count also lots you want to bet, then it is better to use a stop loss at a trend wave count. there is no fixed stop loss for me.
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Well my dear of course I do believe stoplloss tool is very essesntial for forex trading. If u dont use the tool then ur account will blow off. Always place stop loss double ur take profit. if u place take profit for 50 pips then place stop loss for 80-100 pips.
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well bro, in forex trading I strongly believe if you want to use stop loss tool perfectly then you need to know support and resistance without knowing about support and resistance you can't use stop loss tool perfectly. Stop loss tool is very important for trading it can secure our account.
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thanks for sharing this informative post with us.. i am feeling very thankful to you.. as it will help me a lot in my future.... i will definitely keep this thing in my mind while working here in order to get success here.. :)
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How use stop loss tool.
loss is a very good tool and traders must use it to minimize their risks and losses and also they must make sure that they place it in the beginning of their trade. stop loss tool, if u place take profit for 50 pips then place stop loss for 100 pips.
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Stop loss tool is very important in forex trading because without a stop loss someone cannot trade and survive in forex because we cannot be there looking @ the chart always that is why stop loss is very important.