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Forum forex » Forex Forum "Bonus-FX.com" » Forex no deposit free bonus » Using stop loss all the time?
Using stop loss all the time?
lakhanyaishaDate: Friday, 19.02.2016, 13:43 | Message # 1
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In my view stop loss is a very important tool and correctly using it means so much freedom and benefits, but unfortunately we rarely see it’s been used properly which eventually leads us into losses only. At the moment, I am trading with OctaFX and they are an award winning ECN company, so I use stop loss without any fear of manipulation or spikes, it really boost my profit making and limiting my losses due to tight stop loss used.
 
rahimdjlakhanyDate: Monday, 28.03.2016, 12:00 | Message # 2
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No, it’s very silly to use anything too much, it will just not work. If we use stop loss wisely it’s one of the best tools out there, but excess use of it will just make it useless. I’m using stop loss only when my trades are in profits, so I basically enter it on entry point, but otherwise I prefer to stay away from it. I do get advantage with OctaFX broker thanks to their low spread from 0.1 pips for all major pair which is very handy.
 
razorremoanDate: Wednesday, 11.01.2017, 02:41 | Message # 3
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I don’t think we need it for scalping (obviously), but if we are going for long term trades then it becomes quite necessary that we use stop loss all the time, as it’s basically safety precaution thing. I do it all brightly with OctaFX broker using their low spreads from 0.1 pips for all major pairs while there is also cash back where I get 50% back on all trades which is even with the losing one, so that really keeps me comfortable even without stop loss.
 
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