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  1. #1
    Sobahan Ali is offline Senior Member
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    Default Setting a stop loss

    Setting a stop loss is an integral part of successful trading. However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop loss at least 30 pips away and usually place it from 30 to 80 pips depending upon the trading strategy.

  2. #2
    fahdforex is offline Banned
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    yes, i am use the setting stop loss. why that ?? because if i am use that we can know how much we loss the money.

  3. #3
    Angel candy is offline Senior Member
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    Default

    Trade without Stop Losses is considered to be very risky because it threatens trader not just with the loss of a certainly limited sum. Personally, I set up stop losses based on the maximum amount that I am willing to lose in any given transaction.

  4. #4
    Josesv is offline Banned
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    Default

    Yes, one stop loss is very important, so, I used to much "Trailing Stop" applies a special algorithm to a Stop Loss order. how does trailing stop work is When a Trailing Stop is placed, the level of the Stop Loss will change along with price movement. If you open a Buy position, and the price of the instrument increases by a certain number of points, with a Trailing Stop, the level of the Stop Loss will increase as well. If you open a Sell position and the price of the instrument falls, a Trailing Stop order will cause the level of the stop order to decrease as well. Generally speaking, a Trailing Stop causes the level of the Stop Loss to trail the price level.

  5. #5
    andengireng is offline Senior Member
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    Default

    To set any Stop Loss or Take Profit point, you can use MT4 tool, it called one click trading, all you need is drag the line on the chart, but not all MT4 support this tool, so I recommend you to using MT4 from FreshForex, the fastest MT4 that I ever had, Comfortable MT4.

  6. #6
    Angel candy is offline Senior Member
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    Default

    Stop-loss in Forex is critical for a lot of reasons. However, there is one simple reason that stands out - no one can predict the exact future of the Forex market. It does not matter how strong a setup may be, or how much information might be pointing to a particular trend.

  7. #7
    Mark M is offline Senior Member
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    Dec 2016
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    Default

    Yes mostly traders in particularly the newcomers fall a great loss by taking high leverage due to non-sense planning and zero risk management policy , nothing to do with high leverage at all. For that reason we have to make sure proper risk management policy before trading with high leverage , it would be great for us to lead a comfortable trading life with certainly.

  8. #8
    Sobahan Ali is offline Senior Member
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    Jan 2017
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    Default

    Basically, Loss is an inevitable part of forex trading that cannot avoid completely at all in spite of good trading experience. In Fx trading we basically focus on acquiring proper trading knowledge and besides good trading knowledge it is more important to make sure proper risk management plan which is really supportive for avoiding risk when trading practically.

  9. #9
    Angel candy is offline Senior Member
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    Default

    The purpose of a stop loss is to help you stay in a trade until the trade setup and original near-term directional bias are no longer valid.

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