Monaya Posted April 2, 2020 Share Posted April 2, 2020 Stop loss orders are always set below the current price for a buy position or above the current price for a sell position. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted April 2, 2020 Share Posted April 2, 2020 Yes, as a trader to take preventive measure is essential so Stop Loss tool will definitely help you in saving your capital from major loss. Quote Link to comment Share on other sites More sharing options...
Analar Posted April 3, 2020 Share Posted April 3, 2020 It’s not easy to install, yet to understand how to do it right Quote Link to comment Share on other sites More sharing options...
Balhala Posted April 5, 2020 Share Posted April 5, 2020 Some of the traders recommend using the minimum possible stop loss, as this allows you to secure your existing deposit. Quote Link to comment Share on other sites More sharing options...
jamante Posted April 10, 2020 Share Posted April 10, 2020 another thing, try to avoid adjust the SL to much. many fall for that mistake, just remember u put it there for a reason to stop ur lose to to make it bigger Quote Link to comment Share on other sites More sharing options...
Thorgagar Posted April 13, 2020 Share Posted April 13, 2020 Without stop loss, I don’t trade at all, he often helps me out. Quote Link to comment Share on other sites More sharing options...
Celsa Posted May 2, 2020 Share Posted May 2, 2020 I always set a stop loss. We all know how it can come in handy handy. For every broker I choose i must set a stop loss. Â In all my time in forex I have realised how quickly emptions can take over us and I was not gping to let that happen to me. This is a common problem for all of the ewbies. Emotions can kick in at any time. The newbies get into forex with high expectations of making alot of money. When they begin trading and their trades work out then they feel the need to trade more and more. This is the desire for money and it leads to lots of losses. There is a saying about those who want everything gettong nothing. When you set a stop loss you limit the amount of money that you risk in trades through your broker. A good broker should therefore remind you to set a stopp loss. Any broker that does not tell you abou that is not worth it. It may not seem relevant for some newbies to set a stop loss but they have to know that is is a very important thing to do in trades. Quote Link to comment Share on other sites More sharing options...
Mezigis Posted May 12, 2020 Share Posted May 12, 2020 Stop Loss should be set at the level of a possible rebound, which must be calculated on the lines of support and resistance, channels and other tools. Quote Link to comment Share on other sites More sharing options...
Monaya Posted May 26, 2020 Share Posted May 26, 2020 I almost always use stop loss and this helps me in trading. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted June 18, 2020 Share Posted June 18, 2020 Stop-loss level at which the trade will end automatically at the loss cut. Therefore, the loss is limited. You also have to determine the position size of the trade. This should be adjusted for risk (stop loss) and account size. Take Profit level at which a trade is automatically settled with a profit. This is how traders secure profits. A trader should always set possible profit targets for each trade according to their trading plan. My broker ForexChief execute my take profit and stop-loss order perfectly Quote Link to comment Share on other sites More sharing options...
Laidar Posted June 18, 2020 Share Posted June 18, 2020 It seems to me that over time, everyone starts using stop loss anyway Quote Link to comment Share on other sites More sharing options...
Vaabum Posted June 18, 2020 Share Posted June 18, 2020 I try to prevent losses. But in case of losses, I don’t give up immediately, I try to return the lost money. Quote Link to comment Share on other sites More sharing options...
Upoctin Posted June 19, 2020 Share Posted June 19, 2020 A stop-loss is an order that you place with your in order to sell a security when it reaches a particular price. A stop-loss order is developed to reduce a trader's loss on a position in a security. It is good to have this tool at times when you are not able to sit in front of the computer and monitor yourself. Quote Link to comment Share on other sites More sharing options...
Mezigis Posted June 19, 2020 Share Posted June 19, 2020 It seems to me that without stop loss it is very risky to trade. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted June 19, 2020 Share Posted June 19, 2020 I am now using the broker ExpertOption to work. In my opinion, a very big plus in this broker is the opportunity to trade with small amounts. Quote Link to comment Share on other sites More sharing options...
Mezigis Posted August 12, 2020 Share Posted August 12, 2020 I believe that this is a certain safety net against unpredictable losses. Quote Link to comment Share on other sites More sharing options...
gds221 Posted August 16, 2020 Share Posted August 16, 2020 The strategy is quite correct, because many traders need to learn how to stop trading in time, which leads to losses. Quote Link to comment Share on other sites More sharing options...
boltushkin Posted August 16, 2020 Share Posted August 16, 2020 You have to bear in mind one important rule - stop loss orders are always set below the current price for a buy position or above the current price for a sell position. I always follow this rule with Hotforex. Quote Link to comment Share on other sites More sharing options...
gds221 Posted August 17, 2020 Share Posted August 17, 2020 Yes, this is the strategy that you need to be able to use in time to avoid a big loss. Quote Link to comment Share on other sites More sharing options...
Monaya Posted February 5, 2021 Share Posted February 5, 2021 Indeed, in order to benefit from placing a stop loss, you need to be able to place it. Quote Link to comment Share on other sites More sharing options...
gds221 Posted February 5, 2021 Share Posted February 5, 2021 Yes, I use such a strategy, but only in cases where I am fully confident in its correct application. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted February 5, 2021 Share Posted February 5, 2021 Usually I can use such a strategy in some situations, but not too often. Quote Link to comment Share on other sites More sharing options...
e_abrams Posted February 5, 2021 Share Posted February 5, 2021 So you do not always use a stop loss then? Quote Link to comment Share on other sites More sharing options...
Beagra Posted February 10, 2021 Share Posted February 10, 2021 There are strategies and trading systems in which you can not use stop-loss, but you need to prepare for this and have some experience. Quote Link to comment Share on other sites More sharing options...
gds221 Posted February 10, 2021 Share Posted February 10, 2021 Usually I use such a strategy not so often, mainly - in the most extreme case. Quote Link to comment Share on other sites More sharing options...
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