I also use a stop loss. It took me a while to realize that is the part of the game. You simply can't make every position earning for you. That is now essential for me, I need to know where stop loss is going to be before I open my position.
Do you believe brokers hunt your stoploss 434 replies
What stoploss do you use? 27 replies
Real Fx traders do not use stoploss 677 replies
forex tip - Don't use a fixed stoploss brokers can target 23 replies
DislikedEveryone comes around to using stop-loss eventually. Some highly skilled traders may not use it in their seasoned years but I don't think anyone can survive for long if they trade without using stop-loss in their early years.Ignored
Disliked{quote} Highly skilled traders use mental stoplosses, & the beginners imitate that by no stoplossesIgnored
Disliked{quote} Sounds like a nonsense. What do you mean by mental stop-losses? Cutting losses according to situation? Non-system approach has one downside - it gains zero experience for you.Ignored
QuoteDislikedWe do not have a dealing desk, we are not involved in creating the prices that we show you. IC Markets offer its clients with a market execution model. This means all the trades are executed at the first available price received from our hedge counterparties once an order has been triggered. Thus, we are not able to offer guaranteed executions exactly at your requested prices, we are simply streaming the prices that we receive.
DislikedHello, could somebody tell me if there is something i can do to protect my self against a sudden spike/gap and my pre-defined stop loss order is not going to get filled/respected at my pre-defined level? This might be not a big deal if trading at small size but lets say i want to trade 1 Pip = +1% of my account's available capital going long at 1.3000 with a basic SL order that MT4 provides set to 1.2990. So pre defined risk would be fixed to 10 Pips or (-10%). Now all of a sudden price spikes/gaps due to unexpected volatility or what ever you want...Ignored
DislikedWhat different methods stop-loss can be used, and is it safe for beginners to try it?Ignored