Importance of stop loss placement in forex trading.

[fear]

Previously I did not know about stop-loss. And then I lost a lot of money. Now I have become aware that if I use the stop-loss method, I will most likely overcome the loss. Now I use stop-loss and profit targets on my trade. And succeed in the market. Stop-loss basically minimizes the amount of risk or loss in forex trading. But if you invest the amount of civilized capital, then it's your desire whether you use stop-loss or not. That's not really necessary. and Intended for forex investors who don't want to be directly involved in trading, this software allows forex experts to handle and manage your account. Those who do not have the skills and knowledge needed in the market can also use this software to trade

[sodar]

good stop loss is very important in the forex market because with stop loss we can protect our account and also trade without emotion and also we can trade with our minds at rest so i think stop loss really helps to walk far in the forex market based on the way i know and understanding the use of stop loss and stop loss helps you stop your account from being completely swallowed when the market does not support you, this is the amount that you can take the market without you feeling a pinch, the best way to avoid losing a lot on this market is because of the large amount of money just by make your trading much simpler with the margin you have

[balla]

Guys, Some believe in the placement of a mental stop loss. meaning that when they feel that trade is not going as they wish, they will then cut it off. That is very wrong. Placement of a stop loss is one of the most important keys if you want to make profitable forex trading. When we decide to use stop loss, we must be disciplined in applying it. If the market price moves very close to our stop loss, we cannot do anything. and Many investors who are beginners in the world of transactions do not consider the value of stopping reducing currency transactions. Because they think that the stop-loss currency trading technique will not deter them. As a result they chose to cut it. when they realize about that value, they put their minds to use it.

[sakigbest]

A lot of traders do not believe in stop loss placement.
Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off.
That is so terribly wrong. Stop loss placement is one of the most crucial key if you want to make forex trading profitable.
Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way. And sure enough, most of the time, they took more losses than they would have if they stayed on their initial stop loss.
In the chart above, is an example of the importance of stop loss placement.
Usd chf h4
In the highlighted box, thats a pin bar. When some guys see this pin, they will naturally take it down and the ideal place for their stop loss is the horizontal line in orange that is drawn.
Scenario A) if the trader did not place a stop loss, or a mental stop loss � look at how high the usd chf pair went upwards. Their account will be blown or had a huge huge loss.
Scenario B) Trader shifted their stop loss backwards from the initial orange line thinking that the trade will go back down. They would have taken a huge loss as the move went up terribly fast and would have gotten a big blow to their account
Scenario C) Trader sticked to their initial stop loss, they would have just gotten a standard loss of the % risked in their account, based on their money management. And this is just one of the trades among the plenty, therefore this loss is not a big deal.
I hope you guys can see the importance of placing and sticking to your stop loss. Or else your account will be blown before you know it.
Ezekiel Chew

[rukiah]

This is an actuality that is accurate, most amateur traders do not use crash stops appropriately or use them in part, it is a smart amateur trader on top of separating all the annual bases in some bad trades and they do not anticipate if they accept inclined bad trades on assertive ones. Border borders that are prohibited can balance previous accidents or provide benefits too. and it all depends on us also for what we are looking for a day, to determine how many pips will be used for your stop loss, depending on your plan or target for the particular trade that you live, for example you determine that this I want 60 pips and You see the candle so it's almost 25 or 30 pips, you can see that you are ready to lose 60 pips to 25 pips. Stop loss is recommended to always be used and also guides your money in case of a market reversal so that it will not exchange all accounts.

[halim]

Intraday stop trading is important. If you are looking for a weekly or monthly trader, stop loss is not a method. But small traders (intraday traders) must use stop losses. If not, they must be frustrated. and stop important losses for your account. but still have to be careful in installing stop-loss. Stop loss can protect your hard-earned money if you are smart at using it all, especially when your position is wrong. Your stop-loss is to avoid contact margins, so take advantage of stop loss and cash management intelligently, and change the strategy you use.

[mulia]

Stop loss in good trading, but make sure you put it at the right level. better adjust to the strategy that you will use, because if you place a stop loss does not match your strategy, then the possibility of having a greater stop loss. and stop loss placement is needed, because stop loss placement is the protection of traders' transactions in accordance with money management, and the trader will be a winner in forex trading

[halim]

Yes, you are right there. It is very important for us to place a stop loss when we trade on forex. With stop loss in forex, you can leave your order there. With stop loss, you can avoid losing so much, if your analysis is wrong. and perfect. Stop loss is part of a risk management arrangement in trading. here we don't want to save losses because there is no trading strategy according to plan. so our capital is sucked out. stop loss can help us to minimize the risk of loss.

[sakaroni]

Stop loss is a tool used to reduce or stop further losses that occur to you when you experience a bad trade, the trade will close itself and keep your account from being deleted by margin calls, some use it while others do not issue preferences and what's important and trading with stop loss is a very vital aspect for placing orders on the forex market, because stop loss helps you to practice good money management because your stop loss is a factor in calculating your lot size and helps you prevent large scale withdrawals from your trading account if there is an unexpected open market volatility from your open trade.

[surjamal]

Well of course I think it's absolutely true that stop loss is very important for forex trading, because beginners from trading should feel that forex trading is very easy to make a profit but when they lose capital in forex trading they think of foreign exchange trading indicators and tools, so it's more both use trade indicators to save trading capital. and personally to me, I assume that stop loss is the most difficult thing to do in a currency and for me this is a challenge because I never set a specified stop loss level because I always try to close quickly or come out when the momentum fading after certain moves quickly and that is what we need to know that this market is driven by fear and there is nothing guaranteed and when you want to trade, this is the best way to use stops.