Importance of stop loss placement in forex trading.

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Originally Posted by rockon

So far i don't use it as of this moment , as if do have bigger and better trading capital so it will be worthy to put stop loss . as it will only drain those small capital if we continue to have stop loss in our trades . this is upon on my observation .

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I think whether we have large or small capital, stop lost still essential and useful to reduce our risk in opposite position from the market direction. Without stop lost may be our account will be in great danger.

the use of stop loss each of us to open trading positions are very important for us to do so we can limit the losses that we might receive when trading. Let us lose a bit of our capital, rather than bankrupt our account because we do not use the limiting losses.

Stop loss is essential for every traders for their capital's safety. I also agree with you. But i try to develop a new way to minimize this stop loss using hedging methods although still i can't get the best result.

It is very important for the all of trader,Because it has most important message.Because stop loss is the difficult for the trader.When I can use stop loss then I make loss the trade.Now I am not use the stop loss.But now I learn how to use stop loss

yes i agree that in forex trading is risk, but it is important to have good money management including giving stop loss order to minimize the loss occurred ..

dont give up ;)

Incredible. I will learn you about financial management. In this trade, what you say is the most important part to survive.

it is very good option to stop the loss

If you had a SL in place, you could have went to the 15m charts after the loss and potentially traded the up-swing if you care to trade against the 4h chart. First rule of not losing all your account, use immediate SL when you enter a trade.

for newbie traders, putting a stop loss at every trade is very important. it will not only prevent your risk from getting bigger. i tried hedging too thinking that it will give more edge, but i ended up in losses as i took wrong method to do it.

loss is a part of trade like profit so we cannot eliminate the loss but reduce it by our experiences realted to trading analyse and taking decision according to the past personal experiences how and what time we invest in the forex for short or long period