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with out stop loss trading is very risky so better to use the stop loss indicator in the trading and to save the capital from big loss at once, so must take the demo trading practice and learn the stop loss with practice, stop loss means to make the risk minimize.
with Stop Loss means we're ready to lose that must be removed if we suffered a loss, but we must also wise to put a stop loss order is not too much we lose because of stop loss in pairs always are touched
Actually the price moves at will. Only great force can fight it. We could not fight it. And we may not always be correct analysis and prediction. So, we would certainly have errors in prediction, and well, very dangerous trading without SL.
I am always set the stop loss in 15 pip or sometimes 24 pis not more, but right now I am searching for a method to get the better stop loss placement, because the price hit my stop loss many times.
st is a very imporatant factor in any trading whether it is forex or stock market as its protect our accounts from huge losses but at the same time we need to learn better to manage st and tp in order to gain profits
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Originally Posted by asiaforexmentor
I saw your chart, that you place stop loss near down candle while uptrend. But, what we do if there is no down candle. I always rely on support and resistance points which will make easy of my trading style. And i wont close the deal in negative floats, i will let the deal to float for any time until my target satisfied.
pahle se mere ko stop loss ke bare main pata tha.
lekin main greed ke chalte isse thik se use nahi kar pata tha.. aur humesa profit kia hua trade. loss main convert ho jata tha.
aur kabhi kabhi to pata hi nahi chalta tha ki kanha par stop loss dun .. ki apna loss na hoo.. lekin aisa hota ki market pahle mere sl ko hit karti fir market as ussal badhta tha
main pareshan ho chuka tha .. fir main .. resistance and support ka study kia practice kia ..
ab main perfect use karta hun.. 100% to nahi lekin .. apna trading .. abhi sl kam hit karta hain.
Stop loss is a very important thing forex trading but most of the newbies fail to use it effeciently even then them should be used the sl. Cause it helps an account from being nil. So use it everytime oneday you can also become useful to it.
honestly, i seldom trade with using stop loss and i prefer to use trailing stop loss and also TP
stop profit or TP is the target, then the trader have to put the target with relevant and it means that they do not put too high or the trend will not touch it
and also they can use trailing stop loss if they do not use TP
several strategies to reduce the rate of loss of one of them is using a stop loss. although sometimes the use of stop loss, it makes us a little depressed, but it was only natural home run with the best. Do not shift the stop loss just to assume the market trend will be reversed because it will make us more and more losses ....