Some believe in mental stop loss placement.A lot of traders do not believe in stop loss placement.This type of stop loss placement would give your trade more room to breathe and give you a better chance for the market to move in..
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Some believe in mental stop loss placement.A lot of traders do not believe in stop loss placement.This type of stop loss placement would give your trade more room to breathe and give you a better chance for the market to move in..
ya i also beleive stop loss is a crucial key if want to make profitable trades, so i use to calculate my stop losses through Fibonacci levels and i usually use to place a stop loss behind major fibo resistance or support level, i.e. fibo 38.2 or 61.8 level...Quote:
Originally Posted by asiaforexmentor
I think, a good stop loss placement is the ratio / ratio between benefits and risks that we bet on.
example: we put a profit target of 10 pips, then we should put a stop loss> 20 pips, and etc . :)
well in other for all forex traders to trade and have there mind been at rest then i think the best strategy to protect our account is the stop lose and with stop lose you can protect your account and have your mind been at rest and just 30 pips is very much okay in other for you to decide a bad trade based on my understanding
Right stop loss placement is very important in our trading. It would be really bad if all our stop loss is easily hit by the market. That would really suck big time. You are trading not to lose but to win so it is important to set a wide stop loss for the market to roam around a bit. I personally think a 35 to 50 pips stop loss is ideal depending on your risk appetite.
stop loss is a necessity, although sometimes difficult to apply in trading for one side of the stop loss can be a lifesaver and on the other side of the stop loss could be a stumbling block when the placement is incorrect or too short
learn a lot in a trading strategy is not a problem, but we do not use all the trading strategy, because we would feel at a loss to start the transaction, you should use a strategy that we think is accurate, and do not forget to put a stop loss in any transaction to minimize the risk of loss
Its really important especially for newbies as without any stop/loss placement there is a huge risk of making big losses so its better to put stop/loss to at least control your losses.
hello everyone
stop loss important to avoid the risk of losing all his capital in case the loss is increasing so if we do not stop it,it will be the disaster that is the loss of our money, so in my opinion it is preferable to use this option
a lot of strategy can be to use without a stop loss, but if we are not ready mentally I think the stop loss can stabilize Psikology our case, we can focus in the analyzes, because Psikology well maintained.