Stop Loss And Take Profit, Which You Often Use?

[Guest gaban]

To minimize the risk, we often use a stop loss and take profit. Especially when we had floating minus trading. In your opinion, stop loss and take profit, which you often use?

[uncle gober]

Both. I usually use SL and TP in same time. And i use it when i cant monitor markets. It helpful for me to maximize trading result. But surely, we should know and be able to put SL and TP on the right place. I prefer set SL and TP base on market movement itself.

[Noah Jackson]

For controlling my loss and for increasing my profit I am using the stop loss policy in my trading career with FXdirects broker. This is a reliable broker and they give various necessary trading tips and facilities to improve their traders trading quality and performance. They give advance risk management techniques so that the traders could control the trading loss and it also helps to increase the trading profit easily.

[Nilde Lucchese]

Using stop loss and take profit properly fall in trading discipline. From the inception of trading, you have to think about making a good trading strategy. It is a little bit time consuming but it will bring you success. On the platform of Eurotrader broker, you can apply all types of strategies without facing any restrictions.

[uncle gober]

Stop loss is indeed used to minimize risks and avoid significant losses. It is important for us as traders to implement both stop loss and take profit levels in every trade. This way, we can trade comfortably and safely with Tickmill broker.

[Hanan Öberg]

FXOpulence, a reliable and customer-oriented broker, is an ECN-standard broker and a highly recognized one. The broker offers all technical tools to traders. They offer mt5 trading platform, which is reliable due to being free of all technical errors.

[maspluto]

Absolutely, stop loss is indeed essential and should be carefully considered by every trader. I, too, always apply stop loss and take profit when trading with Tickmill to ensure a comfortable and safe trading experience. This practice helps mitigate potential losses and secure profits, contributing to a more effective and disciplined trading strategy.

[tradesprint]

On 10/22/2013 at 3:19 PM, Guest gaban said:

To minimize the risk, we often use a stop loss and take profit. Especially when we had floating minus trading. In your opinion, stop loss and take profit, which you often use?

We need to use a stop loss in any situation because no one can predicts when even a good paying trade went bad and goes in the opposite direction so better cut the trade rather it can blow up the entire account.

[uncle gober]

Stop loss is indeed very useful for traders because by always using stop loss and take profit, traders can experience comfort and security in their trading. This is something that I have personally experienced since joining Tickmill broker.