I also put it when trading, so the risks is smaller. Beside that, i also follow breakeven trading.
You can minimize your loss by making sure that you are trading with the trend and making sure that you are trading with the right system that will help you to make the good trades that will grow your account.
Yeah, use SL is one of way to minimize risk that we will get. Better to use SL instead we rely cut loss. Because Trader often hesitate to cut losses when a floating minus and it make them lose much money.
Yeah, We can't predict market movements with certainty and using SL is very helpful to minimize the risk if our prediction is wrong.
minimizing of loss is an art that we learn after a lot of trading experience.in beginning it seems difficult but have a try to see what is your targeted loss . make loss less from it , it will help limit your loss in low range . Then profit will increase automatically. minimum lots are also helpful top trade in low risk.
yes using SL is very good option to have as we enter in forex world to gain profit and as forex is very risky we need not to avoid it so in this way using SL is very good option.
yeah, the forex risk can not be eliminated. We can only minimize the risk. With good risk management so we can minimize the risk better. With SL we can create boundaries within which we are able to bear the risk.
I study technical and news analysis and from there i can discover what works.
stop loss order - great strategies for reducing losses
trailing stop -used to minimize losses in foreign exchange
Yes I agree with mikepowers i also use to prefer technical and fundamental analyses along with that SL as it helps to avoid risk.
Good points you have made here, these are really nice!
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