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Stop Loss Importance | Myfxbook
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Yes stop loss is important but if you do not know how to place an effective stop loss, you will get the stop out more often than normal. You need good expertise to place stop loss.
If we consider a stop loss order from a technical point of view, then it can be compared to a regular pending order, which is activated when the price reaches a given value.
I am also always in favor of using a stop loss. Stop Loss has saved me from many unexpected losses. So I never want to trade without stop loss.
Stop-loss mostly used to avoid big loss in our trade and also if we want to get small profit then we also use it.
Biedrs kopš   477 ieraksti
It is very important to use stop loss to trade by maintaining discipline. Protects to stop-loss account. So I never trade without stop loss. Moreover, to maintain a 1: 2 risk ratio, it is necessary to use a stop loss.
Apr 08 2021 at 09:44
Biedrs kopš   12 ieraksti
You can probably watch a few videos and read about where to effectively place your stop loss. You will get an idea of it with time and practice.
Jun 07 2021 at 04:04
Biedrs kopš   562 ieraksti
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Jun 07 2021 at 05:54
Biedrs kopš   536 ieraksti
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Yes. Without proper knowledge about SL, it is quite difficult to use it.
Jun 08 2021 at 07:50
Biedrs kopš   65 ieraksti
Using stop loss really helps a lot to avoid losses that may arise during trading if there are changes in the market.
Jun 08 2021 at 08:40
Biedrs kopš   1 ieraksti
Stop loss is very necessary, experienced liquidation!
Jun 08 2021 at 09:27
Biedrs kopš   64 ieraksti
Stop loss limits our losses and that's why it is a crucial part of forex trading.
Jun 08 2021 at 11:55
Biedrs kopš   5 ieraksti
Stop loss is very important! I actually have no idea how traders can trade without it lol. Trading without stop loss is like a guaranteed way to throw your account! Although admittedly, it's a bit challenging to know the optimal stop loss placement because you don't want your stop loss to close our your trades unnecessarily, of course.
“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
Jun 08 2021 at 12:48
Biedrs kopš   9 ieraksti
Stop loss is the single most important thing in trading. next is lot size. everything else is secondary
Jun 08 2021 at 17:04
Biedrs kopš   238 ieraksti
stop loss is imp no doubt but trailing stop loss is something which is interest and helpful
Nov 03 2021 at 20:41
Biedrs kopš   567 ieraksti
stop loss is imp no doubt but trailing stop loss is something which is interest and helpful
Yes. You are right.
Nov 27 2021 at 15:25
Biedrs kopš   20 ieraksti
It's pretty difficult to underestimate the necessity of using stop loss. The vast majority of traders don't use it because they think that it restricts their potential income, however it's very important to reduce risks. If you lose the position, it's okay, it's trading and nobody is protected from it.
So, always use the stop loss, as for take profit, then here you have to decide by yourself.
Nov 27 2021 at 17:01
Biedrs kopš   939 ieraksti
This tool is really important to use. It should be understood that this is a kind of trader's insurance against losses.
Nov 30 2021 at 17:44
Biedrs kopš   412 ieraksti
This tool is really important to use. It should be understood that this is a kind of trader's insurance against losses.
It helps a trader to reduce their loss.
Dec 02 2021 at 06:35
Biedrs kopš   34 ieraksti
A stop loss limits a trader from suffering undesirable loss, everytime market moves against him. An additional benefit of using a stop loss is that it frees a trader from any emotional influence. Market can take a quick turn before you could make any decision about whether you want to hold the position or sell.
Dec 02 2021 at 08:12
Biedrs kopš   18 ieraksti
Stop loss is one of the most important tools in trading, not only because it allows us to exit objectively from losing trades, but it also allows us to maintain an adequate money management and maintain optimal risk management.
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