Forex Zone - Forex Forum

Stop Loss Effective for Successful Trading

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
stop loss is indeed very important in controlling losses so that they do not multiply, there are also those who change stop losses into profits, namely with our OP switch, so when the price reverses we immediately change the OP and all losses will become profit, actually SL is not life in my opinion om, but more to SL it is a power limiter so it doesn't go out too much at once.
#106 - August 01, 2021, 10:07:25 AM

  • Hero Member
  • Posts: 691
  • Points: 2060
  • Likes Received: 39
  • Reputation: +2/-0
very effective because with stop losses we are not afraid of severe losses and that is what makes us successful
#107 - August 01, 2021, 04:40:46 PM

  • Hero Member
  • Posts: 1055
  • Points: 607
  • Likes Received: 5
  • Reputation: +0/-7
Stop loss in trading is very useful once to make our account safe and can continue to grow from time to time
#108 - August 01, 2021, 11:10:53 PM

  • Hero Member
  • Posts: 844
  • Points: 313
  • Likes Received: 63
  • Reputation: +0/-0
stop loss is indeed very effective to help us in healthy trading by using Stoploss we can limit our losses if we are in the wrong direction so don't forget every time you open a position you must use a stop loss and it is mandatory
#109 - August 02, 2021, 02:59:25 PM

  • Sr. Member
  • Posts: 471
  • Points: 102
  • Likes Received: 2
  • Reputation: +0/-5
The use of stop loss is clearly very effective and very useful, to make our trading always safe and can survive, and more than that later our trading can succeed
#110 - August 23, 2021, 11:01:29 PM

  • Hero Member
  • Posts: 583
  • Points: 99
  • Likes Received: 31
  • Reputation: +0/-0
the use of stoploss is the key as the main thing that will protect us from extraordinary defeats when we analyze, of course, we do not escape the floating minus, not when we have hit floating minus, our thoughts will be crazy and certainly will not be safe, so get used to it always do it now every time you want to open a position you can use stop loss and use stop loss also don't get too close later if you use it too close you are afraid it will hit your open position quickly
#111 - August 31, 2021, 07:17:29 PM

  • Hero Member
  • Posts: 750
  • Points: 365
  • Likes Received: 32
  • Reputation: +2/-0
stoploss serves as a temporary safety in doing forex trading because it is better to use stoploss to be effective, don't carelessly use stoploss
#112 - September 02, 2021, 10:08:33 PM

  • Hero Member
  • Posts: 2224
  • Points: 7991
  • Likes Received: 140
  • Reputation: +6/-1
Stoploss is one feature to manage the risk in trading, stop loss is no way to avoid risk but useful to control the risk. in trading using stop loss traders can measure how much risk limit per day or per position, they can adjusted stop loss based risk and analysis.
#113 - September 02, 2021, 11:13:16 PM

  • Hero Member
  • Posts: 583
  • Points: 99
  • Likes Received: 31
  • Reputation: +0/-0
stop loss is indeed effective in forex trading, but that does not mean using a stop loss for your success, stop loss is only a protector when you open a position, protecting against the mistakes you made when opening a position and being able to break the loss yourself when you forgot to cut loss
#114 - September 04, 2021, 01:37:56 PM

  • Newbie
  • Posts: 15
  • Points: 199
  • Likes Received: 3
  • Reputation: +0/-0
In order to reduce risks, it is recommended to follow the money management rules and always set Stop Loss.
#115 - September 04, 2021, 07:15:45 PM

  • Full Member
  • Posts: 237
  • Points: 757
  • Likes Received: 1
  • Reputation: +0/-0
I think stop loss is very good for limiting risk, but we also have to know where to place a good stop loss. If you trade by scalping, it is possible that your stop loss will often be touched.
#116 - September 04, 2021, 10:24:37 PM

  • Hero Member
  • Posts: 729
  • Points: 159
  • Likes Received: 51
  • Reputation: +3/-0
the use of stop loss is very important for the effectiveness of an open position because when you open a position there doesn't seem to be a 100% guarantee you can make a profit or loss, so you should really use a stop loss as a tool to at least reduce the risk when you experience a loss
#117 - September 04, 2021, 11:45:19 PM

  • Hero Member
  • Posts: 844
  • Points: 313
  • Likes Received: 63
  • Reputation: +0/-0
the use of stop loss is indeed very effective for our forex trading trades which do use considerable risk. Moreover, by using large lots we must be able to use stop losses regularly
#118 - September 15, 2021, 10:55:40 PM

  • Hero Member
  • Posts: 505
  • Points: 5
  • Likes Received: 24
  • Reputation: +2/-0
the use of stop loss is indeed very effective for the success of our rating because the stop loss is our safeguard against what we are doing. Open positions, so as much as possible we should be able to try to always use stop losses ideally and that is what makes us always the ones who consistent
#119 - September 17, 2021, 11:02:58 PM

  • Full Member
  • Posts: 113
  • Points: 24
  • Likes Received: 0
  • Reputation: +0/-0
very effective in my opinion because if we always use restrictions on risks in our trading, we will be more comfortable and more maximal in running trading, and can potentially achieve the stages of consistency in trading

#120 - October 22, 2021, 02:54:09 PM

Members:

0 Members and 1 Guest are viewing this topic.