Importance of stop loss placement in forex trading.

[md satu]

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

[rahulsagar]

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

[smamanbd]

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 .

[abdul hamid p]

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

[Jackdoson]

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.

[yogesh]

Stoploss is very important for trading. Because it is your safeguard against a huge loss. it will prevent you loosing or facing unexpected losses. i place my stop looses by considering resistance/support levels.

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.

[sasa0220]

Stoploss is very important for trading. Because it is your safeguard against a huge loss. it will prevent you loosing or facing unexpected losses. i place my stop looses by considering resistance/support levels.

[unknownxxx]

stop loss is very important because it can prevent margin call, and it also depends on the percent of your capital that you are willing to risk. so I always use stop loss and learn to accept it when it hits, because there are lots of opportunities the next time for trading.

[warnisw]

trade without stop loss is nearly same as gambling, you have big risk and for some case risk to blow up your account. always use stop loss, if you like to trade without, place bigger stop loss, but you will have atleast something left in your account

[mbie123]

There are times that a forex trader can get huge losses in their forex exchange trades if they do not put the stop loss. If they trade without the stop loss, a big fundamental news could come into the forex markets and make them have a margin call.

I agree with you, without using a stop loss at the open position is very dangerous. many traders who have a margin call, because they are reluctant to use a stop loss because they think the price will reverse direction as they had hoped, this is very dangerous because we let the capital, in a state of floating minus.