Importance of stop loss placement in forex trading.

[hardworks]

FOREX TRADING: IMPORTANCE OF STOP LOSS PLACEMENT



A lot of traders do not believe in stop loss placement.
Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off.

I saw your chart, that you place stop loss near down candle while uptrend. But, what we do if there is no down candle. I always rely on support and resistance points which will make easy of my trading style. And i wont close the deal in negative floats, i will let the deal to float for any time until my target satisfied.

[loveandy]

st is a very imporatant factor in any trading whether it is forex or stock market as its protect our accounts from huge losses but at the same time we need to learn better to manage st and tp in order to gain profits

[ezincenter]

I am always set the stop loss in 15 pip or sometimes 24 pis not more, but right now I am searching for a method to get the better stop loss placement, because the price hit my stop loss many times.

[Mark]

Actually the price moves at will. Only great force can fight it. We could not fight it. And we may not always be correct analysis and prediction. So, we would certainly have errors in prediction, and well, very dangerous trading without SL.

[my-forex]

with Stop Loss means we're ready to lose that must be removed if we suffered a loss, but we must also wise to put a stop loss order is not too much we lose because of stop loss in pairs always are touched

[muhammadfarooq]

with out stop loss trading is very risky so better to use the stop loss indicator in the trading and to save the capital from big loss at once, so must take the demo trading practice and learn the stop loss with practice, stop loss means to make the risk minimize.

[Protech]

The SL is particularly significant with regard to the FX trade. I constantly use SL inside FX. I include the optimal intend to minimize the loss inside my trading. It is also piece of our very own discipline throughout trading. With SL we're able in order to arrange the entire funds we currently have to trade.

[andhwrey]

in SL uses,maybe sometimes it get touched only around your sl and moving as your first direction greatly,it will makes some dissapointed
points in your life,but it only happens sometimes,imagine that we didnt use Sl or put Sl higher than Tp ratio.

[ShoSho]

Experience in trading will lead us to always use the SL in every trade. each time it is violated, the only regret is obtained.

You are completely right as the experience made me to use stop loss and take profit while i was losing in my beigning i was not using stop loss or take profit but after i used them my results converted to be more better.

[Mark]

In forex market we are using leverage that put us on high risk we can lose our money in matter of seconed. Stop loss can limit your risk at your calculated level. Its biggest advatage is it saves your equity when you are not watching your trades. trader can calculate his risk at the time of trade and limit it by applying stop loss.

Your writing interesting, I agree. With Stop Loss can also control our emotions while performing the evaluation, if we have loss in trading. Allowing Trading in an open condition, is dangerous, I also do it ...