I utilize SL as it reachs to profit zone coz I believe the price will move to profit zone earlier or laterOriginally Posted by ;
I utilize SL as it reachs to profit zone coz I believe the price will move to profit zone earlier or laterOriginally Posted by ;
A mental stoploss is a stoploss, however. I guess that a better conversation would be hard stoploss vs soft/mental stoploss.Originally Posted by ;
It is funny to see some winning trade explorers / myfxbooks and then find out they're holding losing positions which are down 2000 pips. To me, it's asinine to have your equity tied up into losing transactions as opposed to accepting the reduction. Meanwhile, winning transactions are passing you. Of course, as a beginner, I didn't realize that initially. It is something which experience taught me. Additionally, when you've got a set number of transactions and figure out what your maximum adverse excursion is, stoplosses (if hard or soft) inspire you to fine-tune your entrances in order to increase your R and to get a better understanding of the market.Originally Posted by ;
But u can said that stop loss is a portion of trader analysis, using a fantastic analysis trader can place the SL at the perfect place, just always attempt to improve ur analysis skill when u do Foreign Exchange trading can help u to earn more profit and help u to minimize ur opportunity to face with reduction.
Exchange forex without using stop loss I think it is too dangerous. Forex is a business that has a high risk, so we need to always use a stop loss to lessen the risk of forex properly. Our account will not have a lot of losses
Thread proprietor was last online in 2006... suspect he ceased trading ...
great luck trading with no SL.
I can not imagine trading without a stop loss, the risk seems too great. I could lose access to this account for any reason and if things go sideways I would not have the ability to close losing places.
[quote=avibe;8770115]thread proprietor was last online in 2006... guess he stopped trading ... good luck trading with no SL. [/quot
Yes he is no more around because he didn't use stops.