Using a stop-loss in your trading strategy is highly effective. You need to consider certain currency pair’s volatility and then set your stop losses according to it. If you’re SL (stop-losses) is too small it will cause a lot of series of small losses! That can result into a big one loses. SL is for avoiding you lost in your money deeper n deeper. But I often not use SL because I know the risk so I facing it up.
Stop loss help us to protect our capital. Without stop loss i do not think there will be any trader i mean any forex trader in this business, forex is a business and any business that do not have stop loss is not a good business. I think every trader of forex market have knowledge about the importance of stop loss. This is a really good strategy to stop our losses in forex trading. We can earn more profit by using stop loss. We should use this strategy.
Stop loss help us to protect our capital. Without stop loss i do not think there will be any trader i mean any forex trader in this business, forex is a business and any business that do not have stop loss is not a good business. I think every trader of forex market have knowledge about the importance of stop loss. This is a really good strategy to stop our losses in forex trading. We can earn more profit by using stop loss. We should use this strategy.