Now i realize that if i use stop-loss method, then i probably overcome that loss. Now i use stop-loss and target profit both on my trading. And doing well in the market.
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Now i realize that if i use stop-loss method, then i probably overcome that loss. Now i use stop-loss and target profit both on my trading. And doing well in the market.
stop loss placement in forex is importance tools use in forex business market, to me have never trade without use my stop loss because if the market going against my directions
Guys,Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off.That is so terribly wrong. Stop loss placement is one of the most crucial key if you want to make forex trading profitable.When we decide to use stop loss, then we must be discipline in implementing it. If market price is heading so close to our stop loss, then we must not do anything.
A Lot of investors who are beginner in the world of dealing do not considers about the value of quit reduce currency dealing Because they think that in a stop-lose currency dealing technique business is not going in their way Consequently they choose to cut off it But when they realized about the value of it they installation their thoughts to use it.
stop loss is the safety belt than prevent the continuation of loss when your order is wrong but i prefer the trailing stop loss because it give chances for make more profit
you may not use stop loss and go against the flow, but if all continues to do will make you lose all the capital because there must be a lot to avoid big lossesQuote:
Originally Posted by ajegunle
i have no plan concerning stop-loss. then i loss plenty of cash. currently i notice that if i exploit stop-loss technique, then i most likely overcome that loss. currently i exploit stop-loss and target profit each on my trading. And doing well within the market. Stop-loss primarily minimizes the number of risks or losses in forex trading. however if you invest good quantity of capital, then its your want whether or not you employ stop-loss or not. it's not that a lot of necessary.
you are saying right that placing stop is most important thing in forex market.it protect your account against huge loss.every trader should place stop loss on their trade. I agree with your openion
Stop loss means to close the losing trade at definite price, All we can do just anilyzing the trend,and trade with strategies,,but strategies without stop loss can make us loss a lot. Some traders know about it and use it but some traders trade without SL too and they have the reason for it, It is ok as long as they know what is the risk of that action. For me I can not I trades without the uses of the stop loss, stop loss is very importants for any traders to keeps his money, and to identify a certains percentages in case of loss, and this works to controls the emotions as well
can help me think about about how much distance stop los :woo: