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  1. #1
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    Are you sure that if you can use SL you can take profit?

    Stop loss is main objective to help the Forex traders control and minimize his losses not for getting profit. Really, Forex trading is very risky business and we have no idea when the market traps occurs. That’s way, to protect traders trading capital from further losses he or she need to use stop loss to limit the exposure of his trading account to margin call situations.

  2. #2
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    Actually, Stop loss is use to avoid the market adverse condition. Besides, it is mainly used to save the trading account from breakout. But, the trader needs a clear idea to use the stop loss because all SL should be positioned at the good point. Otherwise, you may lose your money.

  3. #3
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    Quote Originally Posted by Steve nison View Post
    Stop loss is main objective to help the Forex traders control and minimize his losses not for getting profit. Really, Forex trading is very risky business and we have no idea when the market traps occurs. That’s way, to protect traders trading capital from further losses he or she need to use stop loss to limit the exposure of his trading account to margin call situations.
    If I use stop loss that’s not mean I am sure that I will get profit in trading, this is a probability game and we won’t win for each and every chance. That only mean, I am ready to accept my loss in the stop loss level. This is my tolerance level to a loss. But at least although I don’t get take profit. I will get the high loss.

  4. #4
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    Quote Originally Posted by Marcus Reilly View Post
    If I use stop loss that’s not mean I am sure that I will get profit in trading, this is a probability game and we won’t win for each and every chance. That only mean, I am ready to accept my loss in the stop loss level. This is my tolerance level to a loss. But at least although I don’t get take profit. I will get the high loss.
    I am not interested to compare Forex business with any other job or business! Because, Forex is different! You can’t make money here until you have a good trading skill, your healthy trading capital will not be enough! Even, many traders have such a long time trading experience like 4-5 years but till now they are struggling!

  5. ARIONFORXtarder
 

 

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