Do you make use of stop loss trading??

[Sincerem]

Their are people who doesn't use stop loss to trade and some use it too to trade. Stop loss is necessary in ones forex trading career, in order to cut down the losses anytime you find it unfavorable trading. I never used stop loss before I'm still undergoing studies to trade with what is necessary in order trade to gain profit.

Do you make use of stop loss during forex trading? share your opinion about how you make use of it to trade, thanks.

 

[Yewande]

Well I make use of stop loss when my equity is still very low. It's advisable that if you're going into long term trade, you should avoid stop loss. Make use of only stop profit. But make sure you're certain of your trade.

 

[Chumzy]

I think that most traders actually use stop loss when trading because it is very important to success. Only a reckless or an over experienced trader can actually trade successfully without using stop loss but that will mean watching the trade the whole way. It is advisable to use stop loss and then insure our investment for times when we are not there to stop the trade from incurring more losses.

 

[Mujahid12]

Their are people who doesn't use stop loss to trade and some use it too to trade. Stop loss is necessary in ones forex trading career, in order to cut down the losses anytime you find it unfavorable trading. I never used stop loss before I'm still undergoing studies to trade with what is necessary in order trade to gain profit.

Do you make use of stop loss during forex trading? share your opinion about how you make use of it to trade, thanks.

Yes, I have used stop loss recently when I trade on forex trading i loss around about 500$ in it but thank god it was good luck that i have set stop loss if i didn't then i can face big loss in this and never ever recover and my account also washed totally.

 

[Sincerem]

Yes, I have used stop loss recently when I trade on forex trading i loss around about 500$ in it but thank god it was good luck that i have set stop loss if i didn't then i can face big loss in this and never ever recover and my account also washed totally.

Fantastic that you used stop loss to gauge your losses. I remembered when i was using FXTM broker to trade, i forgot to set stop loss for my trade. And i never did, i lost whopping to the extent i lost nearly $100 at first time trade cos i never set where the loss ends.

 

[Suba]

If you have never used a stop loss, try using it as an experience, so that you will better understand yourself which one is the best for you, determine a stop loss based on technical analysis and money management, if I prefer to use stopp loss even though I often lose.

 

[Sincerem]

If you have never used a stop loss, try using it as an experience, so that you will better understand yourself which one is the best for you, determine a stop loss based on technical analysis and money management, if I prefer to use stopp loss even though I often lose.

Okay, that is one of the things I'm learning from my friend who is an expert forex trader. I really want to understand every bit of forex trading features, know how to apply them in my trading career in order to avoid series of losses rather to make my own gains.

 

[redpogi16]

What Is a Stop-Loss Order?​

A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. For example, setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%. Suppose you just purchased Microsoft (MSFT) at $20 per share. Right after buying the stock, you enter a stop-loss order for $18. If the stock falls below $18, your shares will then be sold at the prevailing market price.

 

[Akinwale701]

Their are people who doesn't use stop loss to trade and some use it too to trade. Stop loss is necessary in ones forex trading career, in order to cut down the losses anytime you find it unfavorable trading. I never used stop loss before I'm still undergoing studies to trade with what is necessary in order trade to gain profit.

Do you make use of stop loss during forex trading? share your opinion about how you make use of it to trade, thanks.

There's no rule that says every forex trader must apply stop loss method while trading. The loss you're trying to stop right now may turn out to become profits, in the next few minutes since no one can predict accurately how the outcome of forex trading will be.

 

[Sincerem]

What Is a Stop-Loss Order?​

A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. For example, setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%. Suppose you just purchased Microsoft (MSFT) at $20 per share. Right after buying the stock, you enter a stop-loss order for $18. If the stock falls below $18, your shares will then be sold at the prevailing market price.

Fantastic analysis you did here, I learned very point you outlined here concerning stop loss. I'm very eager to work with stop loss and not go beyond what i can accept to lose. Stop loss feature to any trading type is important in order to help an individual make a wise choice of not losing out on a trade.

 

[Alexandoy]

Now it is clear as stated in the post of @redpogi16 that a Stop Loss is a "cap" to be observed in order to stop the trading of stocks. I don't know if that is also applicable in forex because you are dealing with currency. I believe the volatility or fluctuation of prices in forex is not much unlike in the stocks where the price can suddenly go up or suddenly go down. With the stop loss that means you are selling the stocks when the price goes down. I don't think that is a good idea unless you cannot hold on your stocks that is falling in price.

 

[Sincerem]

Now it is clear as stated in the post of @redpogi16 that a Stop Loss is a "cap" to be observed in order to stop the trading of stocks. I don't know if that is also applicable in forex because you are dealing with currency. I believe the volatility or fluctuation of prices in forex is not much unlike in the stocks where the price can suddenly go up or suddenly go down. With the stop loss that means you are selling the stocks when the price goes down. I don't think that is a good idea unless you cannot hold on your stocks that is falling in price.

Stop loss is applied when you want to gauge your loss count, you don't want to lose what you can't afford to lose. You insert stop loss in order to curtail your trading loss. When trading with stop loss and your trade is going down to series of loss and gets to that point you inserted a stop, it will surely stop and limit your loss and as well your gain.

 

[Oliver 20]

The request is executed consequently, which saves you having to continually screen your arrangements. It likewise fills in as insurance from unreasonable misfortunes.

A few instruments are incredibly unstable, and can encounter tremendous value changes surprisingly fast, or even minutes. Stop Loss orders offer a basic answer for financial specialists' need to deliberately screen changes and help ensure a broker's equilibrium.

Post automatically merged: Jan 30, 2021

The request is executed consequently, which saves you having to continually screen your arrangements. It likewise fills in as insurance from unreasonable misfortunes.

A few instruments are incredibly unstable, and can encounter tremendous value changes surprisingly fast, or even minutes. Stop Loss orders offer a basic answer for financial specialists' need to deliberately screen changes and help ensure a broker's equilibrium.

 

[Sanusi]

Yes i make use your stop loss, stop loss is actually one of the factors that makes one to loose trade because before you buy or sell a particular currency you will need to input your take profit and stop loss once the trade

 

[Debola]

Their are people who doesn't use stop loss to trade and some use it too to trade. Stop loss is necessary in ones forex trading career, in order to cut down the losses anytime you find it unfavorable trading. I never used stop loss before I'm still undergoing studies to trade with what is necessary in order trade to gain profit.

Do you make use of stop loss during forex trading? share your opinion about how you make use of it to trade, thanks.

Its is safer to use stop loss because it makes you have the power to control your loss in a sense. Especially when you first start trading its necessary and essential. However some people do trade without it.

 

[abubakar3141]

Pause losses are commonly used by both finance experts and citizens. They are also used as a risk control tool and some businesses even encourage their brokers to use them.

Post automatically merged: Feb 2, 2021

Pause losses are commonly used by both finance experts and citizens. They are also used as a risk control tool and some businesses even encourage their brokers to use them.

 

[Chris]

Sure! I do, it's way better as it saves you the stress monitoring your trade if you're a busy person.
A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. For example, setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%.

 

[Blue house]

Stop loss is very important in forex, in fact it is important than take profit.
Because stop loss helps you minimize unwanted loss or debt.
If you made a trade without using stop loss and you forgot it, if its enter the stop loss zone it will automatically end the trade, saving you from a big disaster.

 

[ansahweh]

If you don’t want to loose all your trading capital then stop loss is mandatory. The first rule in forex trading is risk management. If you can manage risk very well then training is just a plan B. Stop loss is an ideal risk management strategy so why not? I always use stop loss whenever i trade.

 

[Caali]

A stop loss for a trader is a great way to commit to coming out of a bad trader. If my stop is hit, then there was no chance I was ever going to be right. This thought puts my mind at ease and I can move on.