Stop loss ka importance?

last month mera best month raha kyunki maine uss month se earning karna suru kiya aur uss moth main $195 tak earning kiya jo ki ab tak ka mera sabse jyada earning hai.

I think that this thing also fall in luck. That one month was very much lucky for any one among 12 months. And i have earned much profit in that month. But i think that every month is equal and we can earn good amount of profit in every month if we trade according to the updated knowledge and having good strategy of trading with good and effective planning.

March < was my best i made 60% profit without any losses and didn't lost any positions all my analysis was very good and hit the target safely and i learned many things too like how not to become greedy.

In my experience, during this year 2012, my best month for trading was February and March. These are the best months for me to gather big money.

The fact is, not only is candlestick analysis ideal for pinpointing the exact time the successful trader or investor should enter the trade, but it is equally valuable in stop loss strategies. The proper use of candlestick analysis provides a simple, visual representation of the exact point in time when the reason for buying or shorting no longer exists.

I think that stop loss is not a strategy but it is way for minimizing our lost if the moving price of a pair is against for our prediction made before. Many traders will lose big money even losing all money deposited because they do not set stop loss in their position open and leave this position open until it will be closed automatically.

yes stop loss is one of the biggest strategy and many experts prefer and recommend to use this strategy because this is one of the most important strategies to be used.

The stop loss is not a strategy, instead it is part of a strategy in forex trading. It is attached to our forex strategy in order to help a forex exchange trader to protect their trades from having high floating losses.

when we're working and we're doing a trade and we can not directly monitor we can use to help us gain a trading robot


thanks

I think protecting my trading capital and limiting the losses.Stop loss strategy could basically beat the point where i can admit that my initial trade was wrong and the criteria that made me enter the trade no longer applies.