Importance of stop loss placement in forex trading.

[s.chandna]

Stop-loss is very important for the currency dealing, because the first timers of the dealing must feel that currency dealing is very easy to earn the revenue but when they reduce their investment in currency dealing then they think that about the currency dealing indicator's and resources, so better to use the dealing signal to save the dealing investment.

[santo.plus]

stop loss is very important thing for traders.
if any one do not use stop loss his/her account may gone to zero
so everybody should use S/L.

[hemaelsisy]

trader who sussed in this business couscous they trade with stop loss there are important thing stop loss does not put in any place we put stop loss like under moving average support resistance

[abdillahikbal]

I think I know about what methods you mean that didn't use stop loss, that is scalping isn't it? Scalping used to gain small pips, so this methods really dont need about stop loss. But stop loss is a must for intraday and long term trader.

not sir, I can not even use scalping techniques, however, I'd love to learn and it is difficult for me to get how to use scalping techniques themselves, I am intraday trader and my stop loss is MC

[saintboy]

Stop Loss is one way to minimize risk and maximize profit in each of our trading position. By using Stop Loss, we could avoid a scenario where we have accumulated a lot of profit, but a single error / loss will wipe out a large amount of the accumulated total profit us.

Perhaps just as important as knowing where to enter the market or make money, knowing where to place stop loss is also important. One technique that is widely used by some of the successful trader is to move the stop loss to break the event point / break-even after the price moves according to the open position. Trailing stop is the next way that can be done to lock in profit that you get.

Stop Loss is a must for anyone who wants to become a successful trader. Then how about you? have you the discipline to apply the principles of risk and reward? or money management is still a mere lip service to you?

[hello927]

It is very important tool to avoid big loss. It is used when there is large movement in the market and restrictions are placed by traders to avoid huge loss. It is used when you have experienced and know its value. Beginners must have knowledge of placing it at correct time.

[fadil]

in my opinion is a very important factor which most the commercial need for this factor to learn and practice very well in Demo account trading. it is not a fixed way most of the people follow the way they feel is better for them.

[william88]

Stop loss is very neccesery in trading i think..
because we trade using a system,,that nothing is really works 99%..
which means,there is still chance for us to lose,then stop loss makes us can set how much we loss..

[abdillahikbal]

for my stop losses are very important to us apply to our daily trading dala, but when we have advanced in the trade it is not necessary stoplos technique we apply, but as a beginner you should always use stop losses

[hello927]

It is good chart for traders to learn something from it. Stop loss is a tool to avoifd bigger losses in the trade. It must be practiced in demo account so that when there is requirement of using it one must be familiar with its usage. It helps traders to avoid huge losses.