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loss is the part of business and and you can learn your trade by the loss and i think it is the most important for you to make you success on the forex trade and i think now most of the people want to make money by doing trade and they learn trade by the loss
I am still doing a job and trading in forex as a part time trader but during my job timing I don't trade in forex because it would be unfair with my first job that I don't pay full attention to my permanent job and start trading during my job timing. I think forex trading as a part time is much better option then trading in full time.
no i don't any work when i start a trade. forex market move very quickly and i follow market up and down situation so i see that.i have tension for trade and i do not any work during my trade.i mean forex is risky and so i careful for my trading.
I use SL very rare.
movement of the forex market is often difficult to predict, this is what we should be considered, because if we have understood it well, then we as traders will seek to minimize the chances of losses caused by the movement of the forex market, one of which is by using stop lossQuote:
Originally Posted by harlikan
Stop Loss is nothing but a way to stop the loss in simple words by stting up stop loss you can be out of the loss early and then earn profits by trading. I think it is very important.
If i have a job , so will i trade in the Forex trading or not for this thread my answer is that i will trade in the Forex trading until the Forex trading is not finished properly. I have job or not then also i will trade in the Forex trading. Bcz it gives me ore and more things knowledge also.
Dear friend stop loss humein margin call sey bachata hai,agar hum issey sahi tareeke sey use karna seekh lete hain toh yeh bahut hi useful aur important risk management tool hai.Main apne har trade mey issey use karta hoon.Humein humesha small TP aur high SL set karna chahiye,jissey ki humara TP Stop loss sey pehley hit ho jaye.
This is the largest thread in this forum, which shows how traders value the use of stop loss in trading. If any trader won't use stop loss then there is no place for such person in forex trading business.
Yes you are right, STOP LOSS is a good strategy, by this you can very easily reduce your chances of losing your money. Because by this method you specify a withdrawing amount to your trades and if when ever you trade decreases its price value, it will automatically withdraw that trade whenever it reaches at you declared price. so by this you can give a safety key to your investments. :)
Usually, i don't like to use stoploss, because i am always confused where to place it so that it will be safe, therefore i avoid stoploss and whenever i see my trade is going the other way then i hedge that and keeps my losses limited.