Stoploss is a must for me personally, because forex is probability, and SL is needed to limit your loss. You cant win always, and you also wont loss anytime. And for my SL is around 2 or 3 Flip SnR which had SnD area to protect my position.
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DislikedYes, and I believe everybody should. One can close a position manually but sometimes the volatility is so high that the position doesn't close on time and causes slippage.Ignored
DislikedDear traders, I want to ask you questions about trading: 1. Do you use stoploss or not? 2. Why do you use stoploss and why you don't? 3. How many pips do you use your stoploss? thanks anywayIgnored
DislikedDefinitely. It's important to manage as many factors as possible when trading the markets. One of the most common and important of these would be the killer of any trader. Greed and emotions. Set lot sizes that are proportionate to your account size. Strict 0.5-1% risk to make a return of 3%-5%. It's more comfortable knowing the most you can lose on a trade is $15-$30 to make a return of $80-$150, if your account was say $3000. I'd say 10 pip loss. Target 60-100pips. Have set rules. Master 1-2 pairs. Have set trading days. Buy in uptrends. Sell...Ignored
DislikedAlways! You may never know how volatile the forex market can turn out to be. A stop loss prevents big losses, and traders don’t have to monitor screens all time because if the market doesn’t move in the expected direction, the trade will automatically close.Ignored
DislikedI always use a SL because Control is too bad,so this is important。Ignored
DislikedDefinitely. It's important to manage as many factors as possible when trading the markets. One of the most common and important of these would be the killer of any trader. Greed and emotions. Set lot sizes that are proportionate to your account size. Strict 0.5-1% risk to make a return of 3%-5%. It's more comfortable knowing the most you can lose on a trade is $15-$30 to make a return of $80-$150, if your account was say $3000. I'd say 10 pip loss. Target 60-100pips. Have set rules. Master 1-2 pairs. Have set trading days. Buy in uptrends. Sell...Ignored
DislikedI am a newbie, so I always use stop loss, which allows me to have a judgment on the unknown market.Ignored