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Stop loss

 

Alpha
(@alpha)
New Member
Joined: 2 years ago
Posts: 1
Topic starter  

Trading with a Stop LOSS Vs without Stop LOSS 🙄 😴 🤔  


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Gift
 Gift
(@gift)
New Member
Joined: 5 years ago
Posts: 3
 

Stop loss is very important. Just learn to set it well

Learn all about SL

1616315580-google-drawdown-and-maximum-drawdown-in-forex.png
This post was modified 2 years ago by Gift

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Alpha
(@alpha)
Member Moderator
Joined: 2 years ago
Posts: 11
 

When you trade with no stop, it's like giving up all your trading account balance to the market. Your account is not protected at all.

 Sometimes you may be lucky when a trade goes as predicted and you make money. However this is not guaranteed that it will happen all the time.

I want you to imagine the worst case scenario when you're wrong about the market and goes against you.

In this case, without a stop loss, you stand a chance to lose all the balance on your account if you're not the close trades manually.

 

This post was modified 2 years ago by Alpha

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englishman
(@englishman)
Member Moderator
Joined: 5 years ago
Posts: 4
 

stop loss is risk a management tool. Learn how to set proper SL

1616437161-google-2-risk-forex-rule.png

Happy to be here!!!


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