Is stop loss part of forex trading?

[Nilde Lucchese]

You cannot even imagine how convenient demo trading is for you.  Spend some time of your day in practicing because it is congenial for you and thus make the best use of your demo account. Eurotrader is a secure and reliable trading broker and it offers traders a reliable trading platform.

[alecislas]

In order to get consistent results you need to stick to your trading strategy, the Stop Loss for me is a must on every trade, I try to set it a bit past a support/resistance level in case it comes back and I always set the Stop Loss and Take Profit at a 1:2 ratio, meaning that I aim for a profit twice as much as what I'm willing to risk, some traders are more aggressive and do 1:3. I guess it depends on your trading style and what you're comfortable with

[maspluto]

the use of existing SL and TP must be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Nilde Lucchese]

Loss can bring fear in you, but you must not allow this fear in you. Use multiple strategies to produce signals. You have to make the best use of your potential to derive better profit from the market. Eurotrader allows you to apply multiple strategies on your platform and the platform is free of slippage, dealing desk and requites.

[Golden Sark]

There are many specific reasons behind losing in Fx trading, I want to emphasis on money management that you have mentioned first.  Actually despite of good trading knowledge that’s not possible at all to lead a comfortable trading life if you don’t know how to manage money.
 

[Breed]

On 10/3/2022 at 8:37 AM, Golden Sark said:

There are many specific reasons behind losing in Fx trading, I want to emphasis on money management that you have mentioned first.  Actually despite of good trading knowledge that’s not possible at all to lead a comfortable trading life if you don’t know how to manage money.
 

I  couldn't agree more, this is why it's so important to look for broker that has top notch fund security for clients. You can not joke with this factor while looking for a broker, this was definitely top priority for me while choosing forexchief. As they provide negative balance protection and segregation of client funds.

[maspluto]

the funds and risks that exist must be able to be considered properly, this is done so that traders can be more leverage in getting the security and comfort of trading together with Tickmill.

[Hanan Öberg]

Don’t hesitate to use stop loss in your trading. In this situation, Forex trading can be a great opportunity for career building.  If you are investing in Forex for the first time, you should start with small investment. Eurotrader’s 111% deposit bonus must appease your mind.

[Nilde Lucchese]

Stop Loss is a tool offered by brokers to help traders limit potential losses during volatile market conditions. It acts as a key risk management strategy by automatically closing a trade when the price moves against the trader. However, due to slippage during high volatility, brokers may sometimes fail to execute Stop Loss orders at the exact specified price.