uncle gober Posted May 13, 2015 Share Posted May 13, 2015 The use of stop loss and take profit is part of the money management, here we need to analyze how market movements and make a calculation how much we are capable of risking our funds. Without money management our trading will not run correctly, forex risk would be higher in this condition, we always have to look to the chart and ready to cut loss Quote Link to comment Share on other sites More sharing options...
pepy Posted May 19, 2015 Share Posted May 19, 2015 The use of stop loss and take profit is part of the money management, here we need to analyze how market movements and make a calculation how much we are capable of risking our funds. Without money management our trading will not run correctly, forex risk would be higher in this condition, we always have to look to the chart and ready to cut loss Absolutely right, i mean without those all we will lose our money isn't it? I also think that we should prepare for every single bad thing that you could happen. Therefore the use of risk management such as SL or TP is very important, but other than that a person need to know why they loss money since it is also important to avoid further future. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.