Printable View
Use of stop loss is a good thing and helps us to limit our losses and keep our risk under control. A good stop loss can save us from a big severe loss.
However we should use the stop loss judiciously and place it at an appropriate position such that our loss is not big and it cat can absorb erratic movements in the currency prices.
Every things business for capital is very necessary things and it save do is very very necessary for every trader.I think that forex trading business is very good business but it is risk business so it for stop loss is very necessary.
open account PAMM with TenkoFX for the chance to manage up 100.000 USD
Couldn't agree more! Too many traders think they're invincible and son't use stop loss. They think they can predict the direction of the market. What they don't know is banks also use stop loss and they are the ones who can move the market. Wake up and use stop loss!
http://www.4rex.me/instant.jpghttp://www.4rex.me/light.jpghttp://www.4rex.me/lf.jpghttp://www.4rex.me/money.jpghttp://www.4rex.me/x.jpghttp://www.4rex.me/fo.jpghttp://www.4rex.me/bull.jpghttp://www.4rex.me/bear.jpghttp://www.4rex.me/fire.jpghttp://www.4rex.me/no.jpg
That is the most important tool in the forex market that is the use of a stop loss in very very essential because the market can go the opposite direction sometimes and you will be left in loses but if you have prevented your trade from excessive damage then you are in good shape. my self using stoploss ( +/- 10 pip ) every open trade in TenkoFx