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Yeah dear , Stop loss is very important for the forex trading . but many other traders do not believe stop loss needing in live trading. but i believe that stop loss is my best friend for saving my money high risk. so i want to tell very trader should us stop loss for saving money.
Thanks
We are saying the same. Before a trader would not apply stop loss, It means there is very large capital that can hold the position before it starts gaining
Stop loss is very importance. We are know, on forex market, price is move very wild. I means no one can predict the price movement. What we can do just try make our trade safety. we are know that if many player on forex market. All of them has their need. it makes forex is like war for buyer and seller. So, if we are open possition on one side, buy or sell we must prepare the attack from the other side. Stop loss will prevent us to loss more money if we are at the wrong side.
Stop loss can be useful when the direction of price movement is not as you would expect. The amount of loss that you get can be minimized with a stop loss. Stopping transactions with little loss could be better than your long wait reversed its original position that maybe not be happening.
Stop loss is very important in forex trading and it requires you to know how to place it correctly because you can place it where the market will go against you then continue in your direction. This is where some traders will say there is stop loss hunting. Stop loss helps to protect your capital in case a trade goes against you so that your capital will not be drained easily by a single loss.
yes you are very correct the stop loss really help make our mind be at rest because with stop loss you don't really have to sit with the computer system all day but with the help of your stop loss you can always trade and have your position open all day based on the very best way i trade and am okay
does anyone know how much we should put a stop loss?
I think this is very important to avoid too much loss
please help guys
the use of stop loss is great to help us reduce losses in trading. We can find other tools that can help us do that. The important thing is when we use a stop loss stop loss did not improve until our final position
Yea i think stop loss strategy in the forex market is wonderful. It is more meaningful in this market. There is no way we can minimize our losses from this market apart from using stop loss placement.
i believes that Forex trading almost like a gamble. Without enough money, we will not be able to make trades. thats why researching about money management.i think we should take low risk to safe our balance for trading.Quote:
Originally Posted by Jones