Importance of stop loss placement in forex trading.

[Wassim_gsm]

Setting a stoploss is very important in a trading position , but you should have some thoroughly when putting a stoploss , you should take in consideration your free equity and your lot size and the trend direction ,more the trend direction is strong and clearly strong , if you are following the trend of course, smaller is the stoploss value and vice versa .
This is according to my personnal experience.

[mrinalini]

well, dear I actually do believe that we all understand the importence of using the stop loss at any trade because it reduces the risks. But selecting the stop loss position in every trade is the most difficult for the newbie because most of the time wrong placement hits the loss.

It becomes very important to analyse and choose the right entry and exit levels in a trade for it to be a profitable trade and if we are in the right trade then choosing the right exit level and stop loss level should not be a problem as we always need to consider our risk reward ratio and trade according to the same only .

[jutt333]

Forex ke business min ap ko los se bachne ki liae ap ko as min stop loss ko use kirna ho ga verna ap ko as min los ho skta hi ap ko as min ziada practice kirni ho gi.

[Ikhtiar999]

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.

[goodtrider]

This thing is a real lifesaver for traders in Forex trading, where the trader to choose the lowest level so that if it has reached the price to this level is then closing the deal, as we said in the beginning, this thing is a real lifesaver for traders in the Forex market, and is used frequently when Forex traders to fall asleep and leave open trades. It's no wonder that the trader wakes up the next morning has lost all his money that did not use it so, because the price movement has been particularly volatile at the time of release of the data and indicators.

[zani]

well, dear I actually do believe that we all understand the importence of using the stop loss at any trade because it reduces the risks. But selecting the stop loss position in every trade is the most difficult for the newbie because most of the time wrong placement hits the loss.

[mrinalini]

yes, of course actually its true that stop loss is a tool to avoifd bigger losses in the trade. It must be practiced in demo account so that when there is requirement of using it one must be familiar with its usage. It helps traders to avoid huge losses.

Some traders do not take demo account seriously as there is no money involved and do not place stop losses there or not at the right levels because there is no real money involved. This should not be the case and trader must take it seriously and trade in it as it was his real money then he will learn o trade well in real account as well.

[ity]

yes, of course actually its true that stop loss is a tool to avoifd bigger losses in the trade. It must be practiced in demo account so that when there is requirement of using it one must be familiar with its usage. It helps traders to avoid huge losses.

[fxmoney]

stop loss placement is very much important while trading in the forex market so you must have to understand that you have to follow proper money management for each of your trade so that you can easily gain good income from the forex trading.

[xaxi]

yes my dear I actually consider that stop loss is the one setting with which we can peacefully go away from our trading terminal for other work that our account will be still safe if anything happens in market that is unpredictable and market runs opposite to our position which can make us loss.