Importance of stop loss placement in forex trading.

[oreoluwa]

yes you are very correct the stop loss really help make our mind be at rest because with stop loss you don't really have to sit with the computer system all day but with the help of your stop loss you can always trade and have your position open all day based on the very best way i trade and am okay

[ejuna80]

Stop loss is very important in forex trading and it requires you to know how to place it correctly because you can place it where the market will go against you then continue in your direction. This is where some traders will say there is stop loss hunting. Stop loss helps to protect your capital in case a trade goes against you so that your capital will not be drained easily by a single loss.

[babayuyu]

Stop loss can be useful when the direction of price movement is not as you would expect. The amount of loss that you get can be minimized with a stop loss. Stopping transactions with little loss could be better than your long wait reversed its original position that maybe not be happening.

[aptx4869]

Stop loss is very importance. We are know, on forex market, price is move very wild. I means no one can predict the price movement. What we can do just try make our trade safety. we are know that if many player on forex market. All of them has their need. it makes forex is like war for buyer and seller. So, if we are open possition on one side, buy or sell we must prepare the attack from the other side. Stop loss will prevent us to loss more money if we are at the wrong side.

[new94]

We are saying the same. Before a trader would not apply stop loss, It means there is very large capital that can hold the position before it starts gaining

[abnoman]

Yeah dear , Stop loss is very important for the forex trading . but many other traders do not believe stop loss needing in live trading. but i believe that stop loss is my best friend for saving my money high risk. so i want to tell very trader should us stop loss for saving money.

Thanks

[fxmentorbd]

I couldn't agree more that a stop loss is your safety net. Using mental stops are increasing the risk. Also, if you use a mental break you are at the mercy of technical problems.

[fxmoney]

you this is right but you should use low stop lose if you take high risk. like 5 to 15 pips stop lose. and i use Peak point or Support and resistance save and easy to understand.

when you have to take high risk for your trade then you must have to close the trade early so that you book your instant profit if you place the stop loss to that trade then you may get only loss from that trade so close when you get instant profit.

[mhwaheed]

you this is right but you should use low stop lose if you take high risk. like 5 to 15 pips stop lose. and i use Peak point or Support and resistance save and easy to understand.

[oreoluwa]

well i think one of the best way to always be at the positive side of the market is when we learn how to make use of stop loss because the stop lose is very important in other for us to always trade and have our mind at rest when we are not on the computer so i think stop lose is very important