Stop loss, good or bad?

Discussion in 'General Forex Discussion' started by Meindert, Sep 15, 2017.

  1. JamesForex123

    JamesForex123 Trader

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    It all depends what you are trading and your trading style but I would say a stop loss is vital for most people to avoid totally blowing your account.
     
  2. Mariana

    Mariana Trader

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    Stop loss should help, if you do not know how it works, of course it only hinders...
     
  3. JamesForex123

    JamesForex123 Trader

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    Though I do know some people who trade without a stop loss............
     
  4. Mariana

    Mariana Trader

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    I know too, stop loss isn't necessary.
     
  5. LawByLoh

    LawByLoh Trader

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    You know how to Take Profit also know how to setup Stop Loss as well...
     
  6. Ary Barroso

    Ary Barroso Active Trader

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    I don’t see any disadvantage of SL unless setting is into a wrong place! SL is the best tool to protect traders trading capital.
     
  7. J_C_Anderson

    J_C_Anderson Trader

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    For sure, SL should be in a right place, or it would cause additional losses. The level to place SL is as important, as initial entry level, but only few traders understand it.
     

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