Do you use stop loss properly?

[LeoFx]

Make using stop loss obligatory for you because it will save your trades from sudden big loses. But many traders avoid doing so. With FXOpulence broker, you will face no slippage, dealing desk and requotes.

 

[VasilTodorov]

do not enter a trade without SL even if you are 1000% sure of that trade

 

[Lee.me]

It is fundamental in risk management, so I always set them before entering positions.

 

[Fin_Trader]

You need to use a stop loss, but you also need to control the risks in such trades. After all, if you make trades with a large lot, then the losses from stop losses will also be large. You need to follow money management: use small lots in trading and use stop losses.

 

[Imogen Beaumont]

I typically set a stop-loss for each of my trades.

 

[borzy]

Make using stop loss obligatory for you because it will save your trades from sudden big loses. But many traders avoid doing so. With FXOpulence broker, you will face no slippage, dealing desk and requotes.

As a responsible forex trader, I adhere to proper risk management principles trading with HFM, which include using stop-loss orders effectively. Stop-loss orders help limit potential losses by automatically closing positions at predetermined price levels. By using stop-loss orders properly, I aim to protect my capital and manage risk while allowing for potentially profitable trades to develop within my predetermined risk parameters.

 

[benji177]

I always check twice just to make sure I have set my SLs and TPs.

 

[Imogen Beaumont]

It shows discipline and attention to detail in your trading strategy. In my opinion, keep up the strong work!

 

[ArnavDeshmukh]

What's better than this to prevent losses you can't afford than automatically stopping them?