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  1. #1
    Sobahan Ali is offline Senior Member
    Join Date
    Jan 2017
    Posts
    168

    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 Member
    Join Date
    Aug 2017
    Posts
    51

    Default

    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. so we can limit the loss. and don't forget to use FXB Trading as your broker in forex. they can help you learn forex again
    start your trading with FXB Trading

  3. #3
    Angel candy is offline Senior Member
    Join Date
    Mar 2016
    Posts
    268

    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 Junior Member
    Join Date
    Oct 2017
    Location
    Nicaragua
    Posts
    26

    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.
    visit: alpari.com

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