I did not know about the stop loss feature until about May this year. This made me to lose so much from what I invested in Crypto Currencies. It's unfortunate seriously.
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It is very advisable to use the stop loss to prevent unnecessary losses.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.
In order to cut down unnecessary losses, forex traders make use of stop loss.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.
With the use if stop-loss in Cryptocurrency trading or forex trading, we can simply leverage how much we should lose or accept as profit during trading.It is very advisable to use the stop loss to prevent unnecessary losses.
if your equity is low, you do not need someone to remind you to always use the stop loss.
The only people that I know are strong enough to do away with stop loss are those that have master scalping. Even the best of the best use stop loss, market is very unpredictable.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, stop-loss feature have really helped a trader to reduce the rate of losses in trading, be it forex or crypto trading. You set the limit on what you want to gain or loss.The only people that I know are strong enough to do away with stop loss are those that have master scalping. Even the best of the best use stop loss, market is very unpredictable.
Some people don't know how to set stop loss and that is disastrous,stop loss is based on 2:1,3:1,4:1. Were one is fixed and correspond to the lot size.Yes, stop-loss feature have really helped a trader to reduce the rate of losses in trading, be it forex or crypto trading. You set the limit on what you want to gain or loss.
Stop-loss is simply the limit you set for the amount you want as profit or loss, you simply don't want to lose much or wait so long for profit if you're trading spot or future.Some people don't know how to set stop loss and that is disastrous,stop loss is based on 2:1,3:1,4:1. Were one is fixed and correspond to the lot size.
You have said it all,not every body can be on the chart from morning to night,with stop loss you can check and cross check your entry as well as mark your entry.Stop-loss is simply the limit you set for the amount you want as profit or loss, you simply don't want to lose much or wait so long for profit if you're trading spot or future.
I have always been advised that stop-loss is among one of the most important tools we shouldn't stop using most especially for average traders who are not sure of the Markets. Generally this has helped me in so many ways. I cannot trade without itOver the past couple of months I have come to understand that whales usually try to target obvious places in which you are placing your stop loss so that they can hunt them . This is why I generally do not trade with a stop loss and I stop my trade manually when I think that I have been invalidated.