How use stop loss tool.

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Originally Posted by sammy

to be honest stop loss tool is very effective when you are not sure where will be the movement of the market and if market moves sudden then it is good to use it and minimize the loss so that money should flow in our account.

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one way to stop the loss may be a way to use SL, or when in doubt in analyzing prices are moving do not carry out a transaction or open position, because it can make us wrong in predicting what will happen

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Originally Posted by norix

one way to stop the loss may be a way to use SL, or when in doubt in analyzing prices are moving do not carry out a transaction or open position, because it can make us wrong in predicting what will happen

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anyway if you have doubt about market movement, its better to stay away from market, dont insist to keep trading, because its just add more risk to your trade, just entry when strong or valid signal is appear

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Originally Posted by agitiga

For a very good use of the stoploss tool, try always to locate the support and resistance of the strand and these points form the target for stoploss and take profit

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yes i think support and resistence line is help to locate the stop loss limit and also we can use the fibonacci to locate it.
actually we must calculate it before we make open position, so when the position is touch the SL, we still relax and can accept it.

stop loss toll ke bahut he accha fayeda ha jsie ki aapka jab trade buy kar rahenn hote ha to aap apne loss ko ek point par st kar do ki tum isse jauyada loss nahi n sahan kar sakjate to ye function loss koo us point par rok dega

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Originally Posted by fxsilo

yes i think support and resistence line is help to locate the stop loss limit and also we can use the fibonacci to locate it.
actually we must calculate it before we make open position, so when the position is touch the SL, we still relax and can accept it.

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That's right. Support and Resistance is important point to set SL and TP point so I can maximize profit and minimize losses.
If I placed SL in below support or above resistance, so it won't be hitted easily because price should break support or resistance
line first and in many conditions, it's not easy to break support or resistance point.

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Originally Posted by forexpips

In the Forex the most import ants tool . its easy to understand and easy use.
its start when we start a new trade then we have a option to take lose and how much trade .when market in rotation then we cant stop or close new deal but if we use stop lose then easy close new deal automatic:respect:

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mujhe nhai pata stop loss tool ko kaise use karte hain kyun ke me forex trading market me trade karte hue isko kabhi be use nahi karta me newbie hun is me

It's easy to use stop loss tools, if we setted it in pending order so it can be setted directly on Stop Loss and Target Profit field.
If we opened market directly, we can set it with modify the current transaction and then place Stop Loss point. The most important
is putting the right price for Stop Loss.

Yes stop loss tool is very important for every trade because this things help us for protecting our account balance from the high volatile market and when we give stop loss that time we know that maximum which amount can be loss in my account and we can take rest closing the computer.

Stop loss set is a very important matter.Some time i set stop loss for save from large loss.But you need more study for set stop loss.Without study if you set stop loss you can loss.Thanks brother for share your post.

Stop loss and take profit are the simplest tools obtainable in forex trading platform. These choices avail trader to guard his position from loss and grab the precise profit when he is aloof from the market . thus there's no ought to follow your chart after you have open orders.