where to place stoploose?

[Vaabum]

I usually try to use this strategy as a last resort.

[Pyridge]

What options have you already tried and what did you fail? or immediately ran to the forum?

[Monaya]

Stop loss can protect us from unexpected losses, but it will also depend on whether we can place it correctly, so this needs to be learned.

[Gidencenti]

you must understand that it all depends on your version, what you are working on, and on the approach to work in general

[Vudorg]

Indeed, you can learn how to properly insert knocked, if you want it to be effective.

[Gidencenti]

it all depends on the person himself, and his understanding of the very work of forex

[Viran]

Understanding where to place the stop loss depends on the trader himself, because it all depends on his strategy, on his knowledge and on his trading style.

[Rinanee]

I learned to set the stop loss correctly when I was practicing on a demo account because it is influenced by many factors that need to be taken into account

[gds221]

I can only say that understanding the correct use of this tool comes with time, and this is far from easy)

[Gidencenti]

you need to look according to your desires and capabilities, and then decide how convenient it is for you

[gds221]

Most often, the position of this depends on the situation on the market, and it is not always possible to guess correctly.

[Gidencenti]

the main thing is to have the right motivation and the very approach to work, then everything will work out

[gds221]

As for me, for the correct use of this strategy, it is better to have experience on the demo account.

[Vaabum]

Usually I try to work out such moments on the demo account so that on the main I don't make mistakes anymore.

[Beagra]

I sometimes use the advice of professionals in order to understand how it really works, and so as not to make a mistake.

[gds221]

I would advise you to first test this on a demo account.

[Vaabum]

I would very much advise you to work out such moments on the demo account in order to know how to work with them properly.

[gds221]

I believe that a trader should work out such moments on a demo account. Then it will be easier to implement them in the process.

[Vaabum]

Interest Ask. It is important to read initially what exactly this tool is used for.

[Nazzerith]

Placing stop loss might not be as easy a task as it seems because it requires proper skill, strategies, and knowledge to track each currency pair's live trades.

[FXOpen Trader]

1 hour ago, Nazzerith said:

Placing stop loss might not be as easy a task as it seems because it requires proper skill, strategies, and knowledge to track each currency pair's live trades.

We will need to start doing our trades with the help of Stop Loss for Optimal Capital Protection.

[Vaabum]

I think that it is better to work out such tools for work on a demo account.

[Dora Wi]

You can also use a trailing stop loss, it is a good tool for maximizing your profits if the price moves in the direction you want it to move.

[Vaabum]

When I worked on the demo account of the broker ExpertOption, I learned how to do it very well. This is a really great option for exploring.

[FXOpen Trader]

On 11/27/2021 at 12:08 AM, Vaabum said:

When I worked on the demo account of the broker ExpertOption, I learned how to do it very well. This is a really great option for exploring.

We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen