Stop loss ka importance?

I am saying, if we understand the trend direction with the right combination of tools, there is no need to use stop loss.

There are clear signals before any price spike, always. And prices do not move randomly at all.

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Originally Posted by soumen

Stop loss may save you. yes right stop loss aapka balance khatam honese se aap ko rokta hain. har waqt ek trader sehi nehi hota hain. isliye agar kabhi bhi market aapke birudh chale jaye to stop loss kam ate hain. or haan ek aur baat kabhi bhi aapka net problem ho aur koi aur problem ho aur aapka trade ulta parne lage to ye stop loss aapka pura balance ko rok sakta hain nehi to you may finish.

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yes bro here is much importance of this worka nd i think we should must eb got knowledge and this will must be good for us and we will must be goiod in this bsuiness

i think if we have a good job then we do not need to work on the forex market until market trend is not clear and movement is not fast we need to mange our money well and work on trending market and do not leave your job you can work on the forex market at any time and can win here money.

i am now as teacher and forex as a part time job during my time. right now i can not make decision to be a full time trader too,because i have many real work project and some lacking knowledge for forex experience then i have to learn .maybe one day if i can make profit with consistent, i will make forex as my main job

I think for me it will be very very hard for me to stay away from forex whether I am winning or losing or I am doing job or what I just want to give as much effort I can give to forex trading and it is just big aim of my life to gain some success in forex trad

due to stop loss we can stop our huge loses which we suffer some time in the this market we always need to work hard in this market if we want to survive in this market, as we know that some time when market is going to against for our trend at that time we suffer loss but if we set stop out level then we can not suffer big loss.

stop loss is very important to limit some loses and avoid from the worst condition.
some of them will use it regulary,,,but the problem appear at this condition, how to set it with right ?
and also it will become a boomerang and if we do not set it with well until the SL is always touched by the market price

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Originally Posted by shamim1611

Me myself is trading both way, but often time using SL is easier to me. I highly suggest all forex traders also use stop loss to protect themselves and their open positions. Since the beginning, traders who failed to use the stop loss will repeat the same mistake again and again.

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yes sir because in the forex business is full of risks so we should have the ability to minimize any risk. in order to run a trading business well and can get a good profit. in accordance with our wishes.

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if you have a good job then i think forex trading is a part time work, because a regular monthly income secure you and your family conditions. forex trading is also a useful source and good practice i will continue this all the time.