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Yeh should not let the losses grow uncontrollably, when we see profit we close the trade to book even smaller profit, how we can leave our trade without putting a control on losses, having a stop will ensure that you dont lose more than a fixed amount.Quote:
Originally Posted by sasa0220
:)))Stop loss is an important factor in forex.
You firstly know about stop loss. Stop loss means to close the losing trade at definite price. It will be better when scalping. Learn more to trade better.
for me
stop lose = compulsory
no stop lose = ready to lost your capital with no residual
use stop lose = you have opportunity to learn from last mistake
Yes,I also think -many traders don't believe in stop loss placement .
But the reality in trade & commerce -loss in trade is not another thinking .
by using stop losses hit the bottom line is we can not state if the state rates as we expect it to be named the dismissal or reduction of benefits we can apply well-
that until now have not used it should be in, think again
yes yes yes u r right .....placing stop is most important thing in Forex market .... protect your account against huge loss..every trader should place stop loss on trade
where to place stop loss would be important depends on each of us i think where the stop is not fixed and depends on each trader you may not be profitable when using stop loss is too small. pivoit leavel is probably a good tool to help us set sl
Hi
stop loss is the best thing in forex to protect your account from white wash. i you do not use stop loss you can be out of the market for ever.
also use the stop loss according to your strategy and money management. do not put the big stop loss.
stop loss placement is very important in forex trading because if you use this facility in your trading then you can easily avoid your capital from loss but if you don,t like to use it then a chance of loss will always present during your trading.
To be honest, I hardly apply stop loss to my orders I base my trades on support and resistance trading in trend direction - there are times when my trades are showing loss even 100 pips or more and soon returns to profitable level when market starts again after correction. But when i feel my anlaysis was wrong I use stop loss though i have to lose quite big amount but still find it wise as i save some capital to open trades on lower level.