How use stop loss tool.

[laxman]

It's easy to use because it was facility from forex broker to close automatically and it's no need special skill to use it. But the most important is determining the best place for putting SL and TP. And usually Support and Resistance level could help us to put SL in the best place which is not easily to be hitted.

[BANGUN]

well the general use of stoploss is to prvent margin calls and heavy losses, i put my stop loss at the previous high be fore i sell and, when buying i put my stop loss at the previous low, it has been working for me and i like its, cauclationa and the risk to reward is cool

If you want to use a high stop loss in your trading then you need to do is use a small lot in the trade as well because if you use a large lot would be very make you lose big if the price touches the stop loss

[zahidrock]

If you can join forex trade then you can stopped your loss tool. because it is most profitable trade
so join now.

Yes every trader need to use stop loss tools for protecting his balance on trading. If newbies can't use this tools then he can loss all of his balance on trading. And i think this tools are very helpful on news hour trading.

[JorgeC]

From my opinion too, stop loss is very effective tool. i often use it.

[MarwanDalimunthe]

indeed sometimes when we have defined a specific target, but at the greed arises in our hearts, so when it likely will lose very big ..

[rofeq]

It's easy to use because it was facility from forex broker to close automatically and it's no need special skill to use it.

yes we can mentutup easily but we do not know the market at a good or bad so all we need already exists in our live broker to find the best way to make a profit

[Nganti]

very easy , first step we can set our stop loss when make open posisitions, you just press F9 to load windows order, there you can place stop loss and take profit, second if your order entered to market you can add stop loss with right click and modifiy your ticket order .

[sathivai]

stop lose tool is really effective in staying safe from getting your account blown at the time, always remember to use stop loss and never trade withput it and put your action at stake hoping for price to favor you

[kalponick]

Most of the trader use some static numbers for their stop-loss but it is better to have some sort of confirmation in your stop-loss.. like if you open a long trade then give your stop-loss some pips higher than the next resistance level.. by doing this your trade will become much more secure.. because many times you will see that price reverse back from those pivot levels and saved that trade of yours..

[selinabegum]

Restraint death is a real neat tool and traders must use it to decrease their risks and losses and also they staleness urinate careful that they spot it in the rootage of their line.