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7 Benefits of using stoplosses
Apr 08, 2022 at 06:47
Miembro desde Feb 16, 2022
posts 65
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.
Miembro desde Jun 12, 2021
posts 132
Miembro desde Feb 16, 2022
posts 60
Apr 13, 2022 at 06:42
Miembro desde Feb 16, 2022
posts 60
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
Miembro desde Mar 28, 2021
posts 586
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!
Miembro desde Nov 01, 2021
posts 9
Miembro desde Jul 20, 2020
posts 385
Apr 13, 2022 at 09:33
Miembro desde Jul 20, 2020
posts 385
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
Miembro desde Apr 03, 2021
posts 437
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
Miembro desde Feb 16, 2022
posts 60
Apr 28, 2022 at 06:41
Miembro desde Feb 16, 2022
posts 60
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.
Miembro desde Apr 14, 2022
posts 47
Miembro desde Aug 10, 2021
posts 172
Miembro desde Oct 28, 2009
posts 1409
Apr 29, 2022 at 08:05
Miembro desde Oct 28, 2009
posts 1409
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.
Miembro desde Oct 29, 2020
posts 18
Miembro desde Dec 04, 2020
posts 8
Jul 29, 2022 at 09:15
Miembro desde Jan 10, 2022
posts 40
Briosody posted:
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. .
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.
Miembro desde Jul 26, 2022
posts 45
Aug 03, 2022 at 06:45
Miembro desde Jul 26, 2022
posts 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.
Miembro desde Feb 16, 2022
posts 113

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