Question for those who dont apply stop loss?

[standart]

traders can use manual cut loss. when they are has time to monitoring their trades. however, when traders has no time to monitoring their trades, better if they are set stop loss. scalper rarely to set stop loss, they are use manual cut loss usually.

[Decub]

Those who don't apply Stop Loss make use of their mind and concentration. They night not have need for it since they think they can on their own, keep an eye over it and make some good profit from it. It is not a must to make use of it, rather, a necessity of which the trader can either comply or resist.

[budado]

If you do scalping then I guess you don't need to put SL and TP anymore as you are monitoring your position and just close it if you leave. But if you feel that you need to target higher profit then I guess SL is needed. Except if you do hedging or averaging. Because in this two strategy what you need is deep pocket to make profit.

[myregister]

But this is important, and some strategies that shared by some experts which is understanable for newbie require stop loss. With that guide, a newbie can spot how much pips that they should set when it comes to choose stop loss.

[standart]

if we are want to gain good result from complex market, we should really careful. do not rush, remain careful and tried to stick with conservative approach. risk exist and sometimes, we are deal with loss result, that is why we should set stop loss.

[myregister]

I am using stop loss because i already know how much total money that i want to risk with one position that i opened plus some spreads. Applying stop-loss just require one thing, an analytical view about trading if you miss this one then it will be different thing because your SL maybe too low or too high.

[pepy]

Same here, stop loss is a great feature for many traders around the world. Question for those who don't apply stop loss is why they don't use it? that is one of the great feature which many people get. SL is just another good feature that many people misunderstanding about it.

[myregister]

If someone prefer to put Stop Loss that is their decision and that applied for the same traders who prefer not to put stop loss. But, if you are putting stop loss make sure the ratio is 2:1 and also it is better to me to put Stop loss since i don't have to watch over the candle for long time.

[Gee Dee]

As the Forex market can be a volatile market, you'll have the option to endure a specific level of risk. To all the more likely ensure your trading capital, it's imperative to have a sound risk and money management framework with rules to follow. or on the other hand example, you ought to consistently determine your stop-loss and take-benefit levels before entering the market. Right now, already know the amount you're willing to lose and the amount you can hope to procure from your position. This is called your "risk/reward" ratio.

[Rinanee]

You can trade without using stop loss, but you must understand what factors you need to take into account and what to trade.

[Vaabum]

Why not use that? quite a useful tool.

[FXOpen Trader]

On 4/27/2022 at 11:15 PM, Vaabum said:

Why not use that? quite a useful tool.

We will need to start doing our trades with the use of the stop loss settings.

[Vaabum]

To be honest, this option is quite suitable for work. At least as long as I prefer to use it.

[FXOpen Trader]

22 hours ago, Vaabum said:

To be honest, this option is quite suitable for work. At least as long as I prefer to use it.

I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

[Vaabum]

This tool is quite convenient in terms of work, especially for those who know how to use them correctly.