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ya you are right that stop loss options save us from big loss. but when market suddenly falling a number of pips opposite to our trade than its also save us from margin call.Quote:
Originally Posted by nilesh
some time stop loss is also bad in scalping trading. in scalping trading our tp is 10 pips that is possible to hit take profit if we open trade at right time.
i think stop loss tool is very important tool for all traders.it will be more useful to minimize the risk in their trade and also to control the loss.
the beginners should try to practice this method in their demo account and then implement in their real account
Stop Loss is a good tool and by using it you can control your loss. It prevents you from big losses and margin calls. But i think it is not so easy to put SL. It is just like TP if you decide your TP with deep analysis then SL is also set by deep analysis. The wrong use of SL does not give you good results.
i agree with you in our trading stop loss and take profit both important as you said if we put take profit in our trade then we must put stop loss after doing some good or strong analysis.Quote:
Originally Posted by shinde
both are playing very important role. stop loss save us from big loss and margin call but in my view after getting some amount of profit we must replace our stop loss with trailing stop loss.
I don’t know very well about take profit or stop loss tools because I don’t use these tools in my trade. I start my trades and close my trades in front of me. I want to see the treads results before closing my account.
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.
yes this is good thread i think that the stop loss is the enter in the best management of the money and its all about the chart i mean the frame that you open your deal with it well if you choose the long term just enter with the near pivot point and put the stop loss after this point by 10 to 20 pt:good:
To use stop loss is not difficult, you just use the stop loss option when you are opening deal. Also, when you set you, you can also modify trade to set or adjust stop loss. Stop loss will be according to how much you are willing to risk in the trade.
why you so hate stop loss? without a stop loss, we will lose even more. with SL, we can learn to discipline. loss of 50 points is better than loss 100 points ...Quote:
Originally Posted by AhmedHA
there must be something very important in Forex we should have confidence in ourselves that what we do in trade is right. Its best to use our own minds, rather than depending on others and Robots.One should treat that would not show any kind of complication in handling future and have good methods and not to be negative.