1 of 1- Natte1946
- moneyfx advance
Offline - Registered: 5/01/2017
- Posts: 24
Forex and stop loss
Stop loss can save you from drowning in the forex ocean. yes if you use stop loss you won't lose money but the problem is a maximum of the time the stop loss gets hit the wrong way. The market fakes maximum of the time. You will see that by hitting the stop loss order the market is still going on to the take profit level where you set it. So that's very much frustrating.
HPNN Stock
- Innate
- moneyfx advance
Offline
- Registered: 2/02/2018
- Posts: 131
Re: Forex and stop loss
hm, it's nice. thank you for it
- teropon
- moneyfx learner
Offline
- Registered: 12/23/2021
- Posts: 3
Re: Forex and stop loss
I believe that you need to trade with a stop loss. But I know several traders who place stop loss after entering the market. I think this is a mistake.
- Hexxler
- moneyfx advance
Offline
- Registered: 6/30/2019
- Posts: 177
Re: Forex and stop loss
I just want to add a bit that for manual trading setting stop loss is very important but when it comes to expert advisors then there is nothing to do cause I reviewed this in UPDATED FXHT MultiCurrency EA V3 so everybody can taste it and enjoy the world of money-making industry.