Importance of stop loss placement in forex trading.

[sino]

dear in forex trading, personally I consider stop loss placement is one of the most crucial key if you want to make forex trading become more profitable. Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way

[arsalan5400]

Assalam-o-Alikum my dear friend top lose is the most difficult for the novice trader, if we can use stoplose trading means it's ready to be a trader but if it does not or can not use it segabai stoplose trader still in doubt ....................

[sayinifx]

forex ke business me stop loss use karna bahut jaroori hota hai agar trader market me stop loss lagata hai uske baad hi ess business me achha kar sakte hai yaha par such samjhkar ke chalna chahiye tabhi wo achha kar sakte hai.

[mrinalini]

Stop loss is a very important tool to use all the time when you are trading in forex, this will guarantee that when a trade goes wrong you have a stop loss that will prevent further losses from increasing any further so this way is you are lest assured that no margin calls will get you unaware.

Stop loss is a important and useful tool that restricts the losses of a trader and helps him prevent margin calls to his account thereby keeping or giving him more opportunities to trade . by entering stop loss the trade will close automatically and loss will be in our control .

[bloggs]

Stop loss is a very important tool to use all the time when you are trading in forex, this will guarantee that when a trade goes wrong you have a stop loss that will prevent further losses from increasing any further so this way is you are lest assured that no margin calls will get you unaware.

[Lubna Fahim]

Forex trading me stoploss lagana bahut zaroori hai kyun k kabhi kabhi unexpected heavy movement ki wajah se bahut loss ho jaata hai jisse hume stoploss bacha sakta hai aur hum ye bhi keh saktey hain k sahi jagah stoploss ko lagana ek tarah se professional ki strategy hoti hai, hume bhi stoploss sahi jagah lagane ki practice karni chahiye taaki hum bhi ek kadam professional trader ki taraf barha saken.

[fxmoney]

stop loss is very much important while trading in the forex maket as you have to follow proper money management and make good income over it then you must have to place stop loss and take profit for each of your trades

[pbaudi]

My friend I think every one should remember the 15th January 2015 the black day of the forex trading and we know that we have seen the market moves more than 3000 pips within few hours and many traders loss their capital , stop loss can save this kind of situations.

[Wassim_gsm]

Often in the chat room there are a trader friend who nanya: "green already 100 pips ya ..., close not ya?" Do not know anyway ... he said githu in order to find real opinion ato just showing off. What is clear, if I were asked my advice in short heck would say: "close ajah, take profit mo wrote really bother". Well, if requested advice Rada seriousness heck, I would say: "Liat its trend once wrote, if already weak, close ajah, if still strong, sliding SL wrote her".

trailing stops
Well, shear-shear SL is called a trailing stop and essentially intended to protect the profit that we have gained. Speaking of sliding-shift problem SL (and TP) is, each trader has a habit each. There is a regular trader friend who shifts every 10 pips SL, there is also a benchmark shift every half TP SL. That is, if for example he took the TP 50 pips, the SL will be the removal of every 25 pips.

There are traders who use a support-resistant benchmark in shifting SL, there is also a Fibonacci levels as a benchmark. Whatever standard we use to shift the SL, which obviously does, hopefully with these efforts, we have gained profit will be protected. Not to actually position've "ever" green, but since then the movement reversed course, ultimately it is our loss dapet. But we can actually shift the SL, we also can shift our TP follow the trend strength.

It takes patience of its own, especially if we are trading on a trading platform that requires us to do this manually sliding shift. However, by shifting TP (and SL) we will be able to continue to follow the trend without the "loss" spread. The point? Look, we are able to close the position immediately clicking the green already to be able to take immediate advantage that we get. Kalopun trend was still continuing, we are able to open position again.

Yeah, this way is easier, but to repeatedly perform open-close position, means we will many times also affected by the spread. Yes if spread "only" 2 pips sometimes in multiple brokers, to a certain pair-pair, spead could reach 9 to dozens of pips that of course would be passable if unavoidable. Well, do the trailing TP and SL can be made to follow the movement there, without repeatedly exposed to spread.

The main obstacle to this is the lack of patience trailing. Moreover, if the trading platform that we use requires us sliding TP and SL manually. We must be diligent monitoring chart and shift manually SL or TP is certainly passable takes extra time and patience. For traders who can spare only a relatively limited time to trade, could be manually trailing this is difficult to do.

Frankly I myself often have to periodically check the position of SL or TP plus shifts if possible. But sometimes yes "cheated" anyway. Once in check, uh, already terclosed position. Perhaps essentially human nature are less grateful yes. Already hit TP, how ya how could still regret too. Usually that comes to mind: "Well .. why had just grab 50 pips anyway ... when motion is up 100 pips more ..." Well tuh ... if my mentor said, regretting decisions that we have taken in the trade a sign that we have not had psychological matured to become a trader. But anyway, I agree with the opinion of a friend, SL green that it can make the heart more calm. So? Yes painstaking-patient was doing trailing.

Trailing stop is also a good tool to maintain profit ,instead of moving stoploss ,every time you make some pips in profits , but this cool system called trailing stop need to be connected to the server in real time to take effect , means that you have the obligation to let your computer turned on and your platform connected to the internet.

[minok]

dear I strongly believe its true that using stoploss is very important in forex trading,its very important for your account. Stop loss will protect your funds, especially when your Open Position goes wrong. Stop loss avoid you from margin call, so use stop loss and good money management to success .