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Posted

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.

  • 10 months later...
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Posted

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

Posted

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.

Posted

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.

  • 1 month later...
Posted

 


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.

  • 3 months later...
Posted

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.

 

Posted

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?

  • 4 months later...
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Posted

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.

Posted

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. 

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