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yes, the proper placement of stop loss in forex trading is very important, because the stop loss will protect your account from a margin call, from that we can see how the market was going at the time, so we will easily put the stop loss and take profit in good position and secure.
i can say that the stop loss should be placed 20 pips away from the support or the resistance , otherwise it may have seen that market is looking to show some places in the market for more better trades with stop loss if it is place at right place. the more close to take profit , the stop loss is more danger.
Right formula, 20 pips stop loss from resistance or support is really powerful to stop overflow of loss from our trader and it's different from manual stop loss judgement. If we are under of support or above of resistance then 20 pis stop loss is secure for our trade.Quote:
Originally Posted by damado
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Originally Posted by Jack
need learn in experience in trading forex trading forex trading so that the analysis correctly based on the strength and power movements of the capital market in order to perform calculations based on analyzing fundamental advantage of new economic
Sorry mate, but i think i am disagree with your opinion. I get really great floating just caused simple reason. i never use my stop loss. I just set take profit and thinking everything will going easy and the price will return before it was through. But, i was wrong and i get multiple margin call cause my little mistake. So, stop loss are really important. We must said the strategy will great if we are know the limit of profit and the limit of risk.Quote:
Originally Posted by Discordance
In management of the causes of success and learning is also another reason and gain experience and skill and the ability to manage capital and good planning for the trading process all these reasons, successQuote:
Originally Posted by aptx4869
i think using stop lose is not universal and not generally same as other trader because eevery trader have the trading method so it hink the range of stop lose vary also,and much better to use manual cut loseQuote:
Originally Posted by Jack
stop loss is most inportant things in forex. its help to protect our account if trade going against us.
make the management right to reduce the risk of forex trading reduces losses in accordance with the learning and experience and adequate knowledge mendapt trading experience accordance with risk and reward in tradeQuote:
Originally Posted by Jack
Yess practice makes perfect! we need time... rushing to get profits will only comes a failure and a loss.... we need more study and trading in demo even we had already trade in realQuote:
Originally Posted by zahira