Is Stop loss a part of the Forex trading business?

[rmufti68]

We never knew when a market odd turn against us so better to use a stop loss because bad day can occur to anyone even the market veterans face losing trades sometimes.

 

[Zerologic]

We never knew when a market odd turn against us so better to use a stop loss because bad day can occur to anyone even the market veterans face losing trades sometimes.

Stop-loss is crucial for me to manage risk amidst uncertainty, while position size also determines risk profile. Besides stop-loss, there are other strategies to minimize risk, such as hedging and identifying correlations between currency pairs. However, both of these incur higher transaction costs.

 

[rmufti68]

I believe that risk & money management are just another skills beside how to trade and when to trade. However, the traders should take extra care while trading in these current global conditions and be safe everyone.

 

[fargana]

For me, stop loss is a core part of trading, not an optional add on. A good entry means little if one bad move can damage a week of work. The real skill is placing the stop where the trade idea is invalidated, then sizing the position accordingly

 

[@rakibul12]

Yes , a Stop -Loss (SL) is an essential Component of the Forex trading business. In professional trading, it isn't just a technical setting; it is a core part of Risk management.