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I think that Stop Loss is a very important tool in forex trading business because it allows a trader to define a limit of loss that he can easily bear. If the trade is going in loss then Stop Loss tool closes the trade when the market touches that limit hence avoiding more loss.
Stoploss is a must and everyone should use it and it is of great importance and it helps the trader to protect his funds or capital when the price or trade is not going in his favour and thus it helps the trader from getting margin call.
When you invest a certain amount and have your target set, you should exit when your target is achieved. In the same case, you should exit when your stop loss condition is also met.Stock market is all about emotions but an intelligent investor should never get into that trap.
Importance of SL depends upon the trading call.If you are a weekly or a lasting point monger and you wont stop the soprano often,then SL is alpha .But if you are scalper and you are glued to the method watching the damage all the day,then SL tradition be that more useful.
stop loss is admittedly necessary, around my past experiences i had bitter one as i got mc and my account blew off.
and as you you offer stop loss, you ought to not amendment it like the value moves. decide the stop loss once and fix to it.
A trader will need stop loss. A trader who dont use stop loss, he can't manage his risk and it just all about time, he will blow his account. Stop loss is very important. Without stop loss, i think no one trader will be success in this business.
I will notifying even whether you will him to sit on the computer for analytical keep your comments business, you must also place a stop losses to be on a safer side, as they can have problem internet connection and sudden a matter of greed. When placing them stop loss when trade is very important...
Placing Stop loss in such market conditions when we are trading with no clear trends and with no profits still in our trades can save us from big losses. It is true that most of the big time traders will not be sing Stop loss at all.Quote:
Originally Posted by desdrum
As they are trading with their past experiences :)
Always put stop loss on our trade is very important thing because stop loss can avoid us from bigger loss. As we know, forex trading is high volatiling movement and put stop loss is the option to safe our account
Importance of SL depends upon the trading tool.If you are a weekly or a longstanding point trader and you wont account the value oft,then SL is significant .But if you are scalper and you are glued to the scheme watching the soprano all the day,then SL custom be that more eventful.