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I know, there is no doubt that most of you have heard of that trend is my best friend, but I found that I am of the opinion that the stop-loss, it is also a best friend would a great loss... even if it has no market trading Desk? This safe to make us lose a lot of money in a trade
Stop-loss is a good choice to manage trader's fund. Occasionally, trader meets unexpected events which make the price movement go to opposite direction as trader predicted before, and then stop-loss limit will be useful in this situation, prevent trader from facing huge loss.
Yes I am the cause of the loss of the whole capital which I forgot the stop loss and when I came back to the house and found my $ 0 but learned of the loss
yes off course stop loss is our best friend we tend to use stop loss to guard our capital and after we don't use it it'll loss our whole capital . so once we use stop loss we actually assume that if the market go below our stop loss then we are going to settle for this loss
this is the best technique for the avoiding of the money loose on the trading sites this the the best information about the trading on hte trading so that we can able to make the good trading on the trading sites so we will adopt the technique which is called the hedging technique on the trading platform and then we should able to make the good amount of the money from the trading sites.
actually i do not thing so it may be favourable statement for some of us or many of us. but my view about this is that risk calculation is the only thing that if a person take risk al ots very hard tim than he oe she may earn a huge amonut of money. because without risk earning is impossible.
its a very interesting comments but i think stop loss is a important tools.when you have profit & take profit will be hited its good movement for you.so we always appreciated our take profit & its our good friend.
I think that in theory stop-loss doesn't create we missing quicker but stop-loss help is to management the chance of our dealing,so it safes us from loss much more cash just in only one business we can figure out how many pips would we risk if we put the incorrect place.
yes stop loss is good for traders because although through stop loss you may have to face loss but it will not make your account balance zero and you can again get profit and can make your account well.
From my experience i can say that SL and TP are the best friends and the most usefull instruments in the Forex trading but the stop loss is more useful then the Taking profit becuse SL saves us from the much loss.