Importance of stop loss placement in forex trading.

[razia86]

yes we can say that stop placing is a very important factor which most of the traders need to learn and practice very well in Demo account trading. Since there is no fixed way to do it exactly most of the people follow the way they feel is better for them. I use pivot points and support resistance method for this.......

[naija]

I don't think there is a professional trader who would not use stop loss in trading. For example, the strategies which is displayed on plus dailyfx, they also support the use of stop losses, even though they ignore take profits.

[siful003]

I know Previously i have no idea about stop-loss. And then i loss a lot of money. Now i realize that if i use stop-loss method, then i probably overcome that loss. Now i use stop-loss and target profit both on my trading.

[@missodekanmi]

stop loss is a tool that forex traders whetther beginners or professionals should learn to use because its usefulness is that it can help a trader not to loose all his or her account to margin call or even stop out

[naija]

If using stop loss, be prepared to avoid the issues of stop loss hunting, because when you start considering them, you might set a stop loss which would have seemed better if you didn't use any.

[gulfam123]

stop loss is great tool in trading and you cn use it and you must avoid big loss this is great thing to reduce your loss many trader use it and reduce the risk of loss in tradng so elarn well and earn good money

[Raj.Kumar]

Having a stop loss value for your every trading is very important. Because most of the time you will lose your money if you did not close it with a lower loss. Because if you have not stop the losing trading with a acceptable loss, you will have to take a higher loss the result of not closing the trading in proper time. Forex is very interesting and very risk both at same time.

Actually Stop Loss is a first aid for our emotion when facing a minus position and our position seems to be wrong and against market price direction.
Some traders do not use Stop Loss cos they thought that it can be done manually. Or even others use to hedge their minus position with placing entry in opposite direction to their minus position.
But here, i really advise to beginner not to do hedging if you are not a good trained to do hedge, cos at a time, it will be so difficult to decide which one position to close. Use Stop Loss than hedge, cos Stop loss give more steady mind.

[gulfam123]

i agree with you forex trading is good online business and stop loss is great tool to protect your trading account and many trader use this and sve their tradiung account so elarning is well before earning you can get big loss if you do not use stop loss

[Red Hat]

Having a stop loss value for your every trading is very important. Because most of the time you will lose your money if you did not close it with a lower loss. Because if you have not stop the losing trading with a acceptable loss, you will have to take a higher loss the result of not closing the trading in proper time. Forex is very interesting and very risk both at same time.

[naija]

Stop loss in trading will prevent a trader from losing all. That is why in learning or trading in demo, learn to practice the application of stop loss in all your trading.