screw_twizz Posted January 5, 2014 Share Posted January 5, 2014 Effectively, We've definitely not been utilising an SL in many regarding our trading nevertheless this one is reasonably interesting. I do believe, it does not injure for novices to test this tactic particularly when will probably be analyzed using a tryout accounts. Quote Link to comment Share on other sites More sharing options...
Decub Posted February 19, 2014 Share Posted February 19, 2014 @alam, you need a wide stop loss when you will leave your position floating for a long period of time. On the other hand, when you are a short term trader, there is no need having such wide stop. Setting Stop Loss depends more on your trading strategy and skills and I think, it should determine the way you set. Quote Link to comment Share on other sites More sharing options...
budado Posted July 28, 2014 Share Posted July 28, 2014 Its best to do analysis. You will learn how to check the support and the resistance level. In this way you will know your SL and TP also. Never try to open a position base on hunches only. We really need to make sure that we know how to do analysis before we trade to know the current trends and the expected trend. Quote Link to comment Share on other sites More sharing options...
CahCuncun Posted July 30, 2014 Share Posted July 30, 2014 Its best to do analysis. You will learn how to check the support and the resistance level. In this way you will know your SL and TP also. Never try to open a position base on hunches only. We really need to make sure that we know how to do analysis before we trade to know the current trends and the expected trend. Â If we want to make good analysis, we must learn to understand market. Because it's the key for us to understand market movement and we will get the right moment to make order. I also try to maximize market news from TenkoFx. Beside that, i also try to learn from my experience. Quote Link to comment Share on other sites More sharing options...
Decub Posted August 1, 2014 Share Posted August 1, 2014 It is wiser if the trader discover on his own the best place to place Stop Loss. This risk management tool doesn't come in alone and as an automatic thing, rather, it is a trader's skill that helps him determine the best place and the best way to set it. Trading is also about the business of Forex and that which we must as well achieve with that. Quote Link to comment Share on other sites More sharing options...
standart Posted August 3, 2014 Share Posted August 3, 2014 well, when traders has lack understanding and does not know how to run the strategy, they'll doing many mistakes and unnecessary things during trading. the best thing traders can do is take learning. make themselves skilled and knowledgeable. Quote Link to comment Share on other sites More sharing options...
budado Posted August 4, 2014 Share Posted August 4, 2014 I put my stop loss depends on my analysis and depends on the pair that I'm trading. Usually a pair volatility is different from each other. I do make some good profit in the last few years now in forex trading without using SL. But still its very important that we know how to use SL. I only have different strategy and my strategy does not requires SL. Quote Link to comment Share on other sites More sharing options...
Stekin Posted August 4, 2014 Share Posted August 4, 2014 The trader should be very very careful when he or she is placing his or her stop loss. If you don't know how to place it or that you do not place it well, you will very surprised that even with your stop loss, you will lose a lot of money from your trading capital. Quote Link to comment Share on other sites More sharing options...
budado Posted August 10, 2014 Share Posted August 10, 2014 If we want to make good analysis, we must learn to understand market. Because it's the key for us to understand market movement and we will get the right moment to make order. I also try to maximize market news from TenkoFx. Beside that, i also try to learn from my experience. Its seems sound that its more like an opportunity to you to promote tenkofx than discuss forex trading in general. Anyway if we do fundamental analysis then its good to get news not from a forex broker site but from forex news site. In this way its neutral. Sometimes if we going to use a forex broker site. One will say this and the other forex broker site will say this. They always add their own opinion and not just post the news as is. Quote Link to comment Share on other sites More sharing options...
standart Posted August 10, 2014 Share Posted August 10, 2014 personally, I choose previous support and resistance level to mark my stop loss level. however, different strategy has different rules in set SL level. scalper will choose to use risk and reward ratio calculation in point out stop loss level. changes unpredictable and better if traders does not set stop loss too tight. its will going to get hit many times. Quote Link to comment Share on other sites More sharing options...
gaban Posted August 23, 2014 Share Posted August 23, 2014 put a stoploss profitable is to use a positive stop losses. Stop loss is the value of the lowest price limit that is determined to limit losses. When the price action touches this value, then the system will automatically close the order or position. we can put a stop loss when it get profit. so that when the market turns against the direction and the price touches the SL then we can still make a profit Quote Link to comment Share on other sites More sharing options...
my name Posted September 10, 2014 Share Posted September 10, 2014 Stoploose is a very benefectional tool for every trader. If we place stoploose in our trade before setting order in market.benefit of stoploose is that if our tdare going toward loss after touching stoploose trade will close autumatically.after closing trade set new order in markit to recover loss which is so best for every trader. Quote Link to comment Share on other sites More sharing options...
standart Posted September 10, 2014 Share Posted September 10, 2014 traders can place stop loss on the previous support or resistance level. or they are set it based on risk reward ratio. but since we are deal with uncertain movement of market, better we are set stop loss on the previous level of support and resistance. and does not set stop loss based on risk reward ratio. Quote Link to comment Share on other sites More sharing options...
arsii619 Posted September 12, 2014 Share Posted September 12, 2014 support and resistance is one of the great tool from which we set our Take profit and stop loss position. they are the points where we open and close our trade. many of the professional trades depends on support and resistance level. they are really helpful and profitable. Quote Link to comment Share on other sites More sharing options...
standart Posted September 12, 2014 Share Posted September 12, 2014 the best is in previous level of support and resistance level. however, there are many traders who set stop loss based on risk reward ratio. usually they are implement scalping technique. however, if traders implement long term approach in trading, they are has tendency to set stop loss on previous support and resistance level. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 7, 2014 Share Posted December 7, 2014 In every single position that you opened before. Just like me, in each position that i opened i always using around 25-30 pips for my SL and using double amount for TP. Stop Loss is very helpful to oversee our position even the platform closed. Quote Link to comment Share on other sites More sharing options...
Decub Posted December 9, 2014 Share Posted December 9, 2014 Any form of auto trading tool is something that we understand with learning. It is when we learn how to set the SL that we can better understand it well. Forex is a practical thing and the earning comes in when we can practicalize it in our own way. Quote Link to comment Share on other sites More sharing options...
myregister Posted December 9, 2014 Share Posted December 9, 2014 It requires our attention and also our experience to deal with it. SL is the same tool just like TP or even Robot that we use for trading. What makes it different that it does not make our trading fully automatic but rather to be semi automatic. So in order to find the right amount pips of SL, i suggest to keep trading in demo account first make sure you are getting used with it. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 5, 2015 Share Posted June 5, 2015 To place stop loss you need more consideration of how much that should be pegged, and the right time is when you opened a position when you start trade or at least 1 minutes, the faster you place the better you can closed your platform and waiting for the result of your trading. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 20, 2015 Share Posted November 20, 2015 After some trials and error, Â also with some experiences after real trading i think around 10-15 minutes is the best for apply your SL. I am using news based strategy technique and with that much i can avoid loss because of touching SL since sometimes fake movement after news could put the price against the news for a while before bounce back down. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted March 26, 2020 Share Posted March 26, 2020 The more trading you do, the simpler it is to sit around. Some low maintenance forex traders find that the ends of the week are the ideal occasions to work out a trading plan for instance. And afterward, all they need to do as the working week starts is follow that arrangement with the goal that they have the base measure of everyday work to do. This is one of the most significant parts of trading, however, it is much more essential that you hit the nail on the head in the event that you are working an all-day work. Quote Link to comment Share on other sites More sharing options...
Kigalmaran Posted March 28, 2020 Share Posted March 28, 2020 If this is your first time doing this, you can take advantage of analyst training Quote Link to comment Share on other sites More sharing options...
Roberts Posted March 28, 2020 Share Posted March 28, 2020 How and where to place a stop list you can learn at webinars. Quote Link to comment Share on other sites More sharing options...
Doghma Posted February 8, 2021 Share Posted February 8, 2021 Many people say that stop loss is very useful for trading, and this is true, but you still know how to place correctly on positions during trading, and I studied on a demo account, which helped me a lot. Quote Link to comment Share on other sites More sharing options...
Vudorg Posted February 12, 2021 Share Posted February 12, 2021 You must clearly understand where you can place a stop loss in order for it to bring you an effective result. Quote Link to comment Share on other sites More sharing options...
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