Do you set stop loss?

[Anne Morris]

I believe that we got to take security measurement first up, as it’s not possible for anyone to be successful without having safety. This is where SL is so crucial to our chances and to help up with performance. I am with OctaFX broker under them, I can use every option easily with great features and facilities with lowest possible spreads at 0.1 pips, high leverage up to 1.500 while there is zero balance protection, swap free account and much more, it’s amazing.

[gaban]

Where stop loss is important too, where we with the stop loss that we put then we will be able to target the existing risks, and the good we always routinely to learn on the run so that we can understand more understand more good trading performance and profitable. By studying for sure we will have results that we can get

[Namu]

Yes, i usually use Stop loss when trading. Beside that, we should maximize forex analysis too. Because it will help us to find the right moment to make order. Usually broker also provide this services for their clients.

[boltushkin]

Never set my orders without stop loss because basically it's a one way ticket to trading washout

[Sininfinity]

Never set my orders without stop loss because basically it's a one way ticket to trading washout

 

Lol nicely put. I also do the same. I do not use take profit all the time but stop loss is a prerequisite before entering a trade. If I don't see a good place to put stop loss then I don't enter a trade.

[amri.rudi]

to be a good trader..i always set a stop loss to prevent lose all money. No body know about the future except they have a time machine..lol 

[Sininfinity]

 

to be a good trader..i always set a stop loss to prevent lose all money. No body know about the future except they have a time machine..lol

 

Lol. If there was a time machine then no retail trader would have made profit. It is not something which retail traders could get their hand on. And as you said, since we can not know how the market will move so to maintain our risk we always should use stop loss.

[Gee Dee]

Forex being an uncertain market place as well as it is a highly instable place for the traders where foreign currency exchange traders need to adopt proper risk management so that they can hedge their wealth position against unwanted risks of price fluctuations. At the same time, many traders are using various pending orders like Stop loss, Trail stop or Take profit, etc.. Of course I use SL as part of risk management.

 

[Sininfinity]

Forex being an uncertain market place as well as it is a highly instable place for the traders where foreign currency exchange traders need to adopt proper risk management so that they can hedge their wealth position against unwanted risks of price fluctuations. At the same time, many traders are using various pending orders like Stop loss, Trail stop or Take profit, etc.. Of course I use SL as part of risk management.

 

It is a good thing you are doing that you are using stop loss. Just wanted to ask, did you learn by mistake that stop loss is necessary or heed other's warning about not using stop loss?

[robert.miner]

Leverage involves borrowing a certain amount of the money needed to invest in something. 

[Cejurus]

Trading with stop loss limits your losses and keeps the trading deposit from sudden price movement is not in your favor.

[Gosida]

I always try to use a stop sheet when I see the need for it.

[Mikalkis]

At first, I thought that this was not necessary, but after the next forecasts of analysts, where they gave good advice, I started using it.

[Yokora]

The most important thing in time to understand what is needed and how it works.

[Aurne]

Of course I establish, it automatically closes the transaction when the loss reaches a certain level.

[Thonin]

I set a stop list, because it is a good protection during trading.

[Balhala]

I can pre-establish a safe loss level for us, based on the strategy and degree of aggressiveness of trade.

[Kigalmaran]

Unambiguous uses a stop list and I think that it is quite effective.

[Blan]

A stop list, of course, is a good thing when trading, but you must also be able to use it correctly.

[Roberts]

If necessary, I use a valid stop loss and find it sometimes practical.

[bigxy]

Stop losses are always beneficial because they helps us cutting our losses earlier than losing up the entire account within no time if the market trend moves against us, sometimes bad day occurs so good to some of the money than losing up the entire account.

[Fausi]

I know that there are ways to trade without stop loss, but I use it.

[jamante]

SLs i would say depends,if u swing a lot, then yes, set it and leave it there. avoid adjusting to much if you are unsure. or if u are scalping a volatile market, though i use a lot of sl on my hotforex account, its just my style of trading. 

[Cejurus]

There is, of course, the option of working without a stop sheet, but so far I like it more.

[Balladoginn]

I often use stop loss myself because it gives some security for my positions.