7 Benefits of using stoplosses
Apr 08, 2022 at 06:47
Stop loss protects a trader against sudden losses and so it’s obligatory for a trader to use them. SL and TP using is very important for a Forex trader. But traders can verbalize it hardly and leave using them due to their negligence. So, traders should make it their habit.
Member Since Jun 12, 2021
132 posts
Apr 08, 2022 at 09:14
without using stop loss your trading condition as like a ship in an deep ocean without any rudder. so it is an inevitable part of trading .
Member Since Feb 16, 2022
63 posts
Apr 13, 2022 at 06:42
Most of the traders are allergic to using stop losses and its’ because they can’t feel the importance of using stop loss. Using stop loss works as a shield against losses as you know Forex market is too volatile in nature and anything can happen anytime. So here, stop loss works as a security against sudden losses.
Apr 13, 2022 at 09:06
Which trader respects the rules of money management surely they use the stop loss trading tool in their trading! I am a day trader & I open enough number of trades in a month! So I can rely on any specific trade position, & this is why I need to use the SL in my live account!
Member Since Nov 01, 2021
9 posts
Apr 13, 2022 at 09:28
Stop loss is the #1 most important part of any trading plan
Member Since Jul 20, 2020
399 posts
Apr 13, 2022 at 09:33
menorah111 posted:
Stop loss is the #1 most important part of any trading plan
It really is not only does it protect you against losing your account but it keeps the proabilities in check as well for your wins. Its integral in any good trading plan imo
Apr 14, 2022 at 00:17
Stop-loss is one feature in forex trading to protect from bigger losses when the trend is against the order position, maybe not all traders use stop loss depending on the trading strategy that is implemented, but stops loss is good to manage the risk-based plan trading, traders can learn mistake and try more opportunities with use stop loss
Member Since Feb 16, 2022
63 posts
Apr 28, 2022 at 06:41
Use of stop loss has a cardinal benefit that it protects you from losses. Forex is a highly uncertain market where frequent volatility can destroy anyone’s balance within the blink of an eye. Whether you are a scalper or long time traders, it’s much better for you to use stop loss in any situation.
Member Since Apr 14, 2022
41 posts
Apr 28, 2022 at 10:21
Stop loss helps you to cut your losses and insures you against big losses in the market.
Member Since Aug 10, 2021
178 posts
Apr 28, 2022 at 10:29
I believe the most advantage is the I can earn my loss back easily because I only need 7 pips winner to get one loss back or 14 pips winner to earn twice of my loss on a 7 pips Stopped out.
Member Since Oct 28, 2009
1435 posts
Apr 29, 2022 at 08:05
You know I was taught to set a stop loss by many 'pro' traders on courses.
But over the years and with thousands and thousands of hours of testing I've discovered that a stop loss is actually a pretty poor way to exit trades for many reasons.
Exiting on indicators is a far more effective way and clearer signal to exit a position than an arbitrary point on the chart defined by a stop loss.
That's my experience anyway.
But over the years and with thousands and thousands of hours of testing I've discovered that a stop loss is actually a pretty poor way to exit trades for many reasons.
Exiting on indicators is a far more effective way and clearer signal to exit a position than an arbitrary point on the chart defined by a stop loss.
That's my experience anyway.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Oct 29, 2020
18 posts
May 05, 2022 at 06:46
Nicely pointed out. Stop loss is indeed very important for successful trading. Stop loss helps in the protection of your money from losses.
Member Since Dec 04, 2020
9 posts
May 23, 2022 at 02:17
thats very important
Jul 29, 2022 at 09:15
Briosody posted:I couldn’t agree more. Stop-loss prevents unnecessary losses. And if the right money management strategy is used along with stop loss it can also help in maximising the profits.
A stop loss is a lifejacket. They not only prevent you from losing trades, but help you cultivate good risk management strategies, which are an important part of being a trader. All traders, especially new ones, should use stop losses to minimise their losses and maximise profits. .
Member Since Jul 26, 2022
52 posts
Aug 03, 2022 at 06:45
Zootaxy posted:
1. It enables you to effectively manage your finances.
2. There are no spikes to be concerned about.
3. It enables you to increase your profit.
4. Allows you to keep track of and regulate your drawdown.
5. It allows you to plan ahead and estimate how much money you'll lose.
6. It allows you to take fewer risks while gaining more.
7. It gives you the ability to manage your emotions.
Thanks for this info. Well said mate.
Member Since Feb 16, 2022
119 posts
Oct 06, 2022 at 11:45
Maximum traders trade haphazardly without following any risk management and money management policy and it’s not a good thing for trading they should know.
