Why we should use Stop-Loss?

[moody-boy]

take profit and stop loss both are most important in our trading plane so we have need to use both stop loss and take profit in all trades because forex is risky business and losses are acceptable in this business and these two things can safe us from big losses........thanks for this allocation.

[endischa]

we need stoploss in forex trading because it can limit our loss in our trading so we dont loss
all of our money and we still have a chance to trading in next time to make profit.

[abrahafx]

the main purpose of using stop loss is helping traders to prevent loss in forex trading. Stop loss is good method for making reversal deals too. If you set up good SL, then you can open deal with opposite trend if it happens.

[kumuranforex]

well you see it as easy game.. A well placed stop loss is And if you have stoped out, than you even can reopen your position from a better price, and it is more rewarding than sitting in it. for avoiding bigger loss than you have already reached. If your stop loss activates it means that your positions would be much worse if you would keep it in open 8if the stop loss is well placed).

[mosabbal]

I think that if you have losses .. it will be small, also protects your account and allowing you to move from transactions to other deals ..If those deals useless..

[azizil]

application of stop loss for trading us, in my opinion is not enough, we must have a qualified Science, so we could put a stop loss, in the right place, many new traders lose because using stop loss, it will be because not they can, put stop loss in the right place

[fxandme12]

Stop loss as name indicates is a point where we force position to close. This point is active in a negative side of a open position. It means it confirm our loss. But the benefit is that it control our balance for further loss. As expert suggests, we should always use stop loss.

[junaidk007]

Stop loss and take profit both plays very important role in your trading, and i think every trader should have to use these options if he/she wants to become a successful trader, stop loss options save you from big losses so that's why i think little loss is better then a big one. A successful trader always uses stop-loss in his trading.

[Chaudhry]

Stop loss is liye kay ap zada loss say bech sakay is liye stop loss ko select kiya jata hay agar ap is ko select nahi kertay to market agar zada ap kay against chali gaye to ap ko zada loss ho sakta hay or agar ap nay stop loss ko set kiya hay to phir ap ko zada loss nahi ho ga.

[techfxx]

i think it's a great advantage from forex because when you open some trade then you think if i can use any system like when i will gone some losses then auto will get close of this time you can use this stop losses and it will help you for that.