Importance of stop loss placement in forex trading.

[poorman2t4]

by the use you can protect your account this is the best for you by the use stop loss you can go out from the your trade you you can use it happily this is the best for the busy people by the use it you can be free from the risk

[Shumaila]

limited trading in forex for newbie is very helpful . it will give them strength to trade more and earn more. if newbie place his stoploss torget he can save more losses.

[hosnim]

The stop lose is an important tool to use while trading.we need to always protect our balance by a stop lose and even think about take profit.without stop lose we can see or account being margined and we need the best placement of it

[Levi]

Losses are just like cars without brake, and it only takes a strong force to stop the car from moving forward, which is the need for something to wage it, that is the roles of stop loss in trading.

You have good statement bro, and for me stop loss is so important for preventing huge loss that may we got. And without stop loss, we will risk so much amount of our balance even all of our balance, that will terrible.

[naija]

Losses are just like cars without brake, and it only takes a strong force to stop the car from moving forward, which is the need for something to wage it, that is the roles of stop loss in trading.

[a_for_apple]

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.

yes I also often see the pro traders trading with risk priority first, this looks of him just put stop losses in Its entries
then leave them without a take profit position, this provides an unlimited profit potential with limited loss

[leopardfx]

two events that will happened to traders, that is Whether the stop loss will be hit or price movement not hit our stop loss, thats two thing will be happen and our jobs is to the make sure our stop loss was not touched, by what means, of course, by way of good trading plan before entering the market, althought if stop loss was touched at least we've tried as the best as we can, in the right way.

[jania khan]

stop loss bht hi zroori hai forex trading me kiun k forex trading me agr ap stop loss use nai kerty to ap ka account save b nai rahta aur ap ki money waste ho jati hai kiun k stop loss is liye use kiya jata hai k jab hi ap koi postion ko open kerty hain to ap us me stop loss b lga dety hain k agr ....itni amount say loss open gya to ap ki position close ker di jae stoploss zroori hai ap k account ki safety k liye

[dintera]

I believe that stop loss is very important in our day trading because it helps us to limit our position's risks and to avoid us from making larger losses. The other reason why we need to put a stop loss is to avoid bad emotions that may influence our trade exit decision. Traders always want to wait just another minute to see if the trade turns around. Slowly their accounts being wiped out especially when the ever changing market moves rapidly against their trades.

[nillgogon]

yes, this is so important fact for trading. we must use sl and tp during trading. by this we can reduce our risk. but we should understand where we need to sl or tp.this is so much important if we don't understand this then we may take much risk in a trade.