indeed stop loss is an effective tool to be able to close a position without having to be in front of the monitor. but most importantly in my opinion is take profit. because, the tool serves as a safety net profit that we produce.
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indeed stop loss is an effective tool to be able to close a position without having to be in front of the monitor. but most importantly in my opinion is take profit. because, the tool serves as a safety net profit that we produce.
Yes the stop loss could always help a forex exchange trader to make sure that they control their losses and this makes forex trading not to be a very risky business. We should use risk reward ratio to set our stop loss and take profits in forex trading.Quote:
Originally Posted by shali
when market in rotarion then we cant stop or close new deal but if we use lose stop then easy close new deal automatic .
use stop loss should be wisely and thoughtfully.Quote:
Originally Posted by forexpips
if the condition is questionable with the predictions of our stop loss is most appropriately used.
Using stop loss is kinda easy way, when you determined how much money you can afford to lose in each position then put it as your stop loss in your position, I like stop loss limit, because it prevents your huge losses :)
Stop loss tool is really effective in staying safe from getting your account blown all the time. Always remember to use stop loss and never trade without it and put your account at stake hoping for price to favor you. If you survived today, you can trade tomorrow, but if you loose all, then how will you return in market.
Stoploss is very important tools of Forex tradings. It define very hard some how can be not correct define. Who set it he already chake the previous data to how much future condition will go the trends. If that measure is correct you will be set stop loss. If you can not properly define this point you will fails the trade.Quote:
Originally Posted by forexpips
Restraint death is a real neat tool and traders must use it to decrease their risks and losses and also they staleness urinate careful that they spot it in the rootage of their line.
Most of the trader use some static numbers for their stop-loss but it is better to have some sort of confirmation in your stop-loss.. like if you open a long trade then give your stop-loss some pips higher than the next resistance level.. by doing this your trade will become much more secure.. because many times you will see that price reverse back from those pivot levels and saved that trade of yours..
stop lose tool is really effective in staying safe from getting your account blown at the time, always remember to use stop loss and never trade withput it and put your action at stake hoping for price to favor you