Trade with or without a stop loss!

I'm noticing when I use stop-loss on bigger timeframes, it's not for trade entry.
The purpose of the stop-loss is to protect new profits after trade is in profit.

yes if you set trailing stop correctly. If not, you only get less profit or even your trade will be closed with minus.
If you can, better you wait until you get a good position to close it by yourself.

So what you are talking is to use Stop loss System? What if anyone have good equity/backup ? Or he have 1000+ pip save? Still we need to take Stop loss ? com'n guys spread it out...

It is very good that you found out that it was the basics that you lacked that you lacked that made you to be losing. Now i know you will have better trading results now that you have a better knowledge about the forex trading market.

Stop loss is good thing and helping our better sleep,but at the same time,what is Stop loss line more far away from our first trade line,that is better...many beeginer puts Stop loss under 50 pips...including me,several years ago! :-)

I think is better to put SL to minimize your risk and put TP to maximize
your profit,and my opinion if we can use SL +ve or trailling stop
it is one an advantage to the trader.

Yes sir log is me aisa he karty ha liken wo forex me trading karty ha ha to wo trading k doran trading ko daikty ha our me to kud forex me stop loss ko use karo ga q k us sy ap ko loss nahe hota ha jis jaga par ne stop loss ko use kiya ha our me forex me bahot kush ho.

agreed with you if you swing trader, better not put your stop loss. since price tend to swing and back to your open direction.
but there is also option you can put stop loss based on daily candle I think this is more safe if sometimes price really spike and not back again.

normally during nature disaster price to tend to move in fast and need several week to recovery.


cheer

the way we can get money only if the price touching our take profit. the more it touch the bigger profit we get. stop loss is protect us from bigger losses.
If you continue to trade in this way will go bankrupt in the end
You should put a stop loss and profit collection
Do not leave the deal work alone
And do not be greedy
That has these tips will not lose any trading
Good luck

I totaly agree with you you should make stop lose i think it is double of the take profit if only you trust the analysis so you can make profit good and take it any way i think the trailnig stop in the long trades is awesomr try it

but is it not better to admit a little loss than loosing a whole account. Its very hard to close a floating loss but stop loss will do it for you even before you think twice that is the benefit

Hello, my friend... I think using stop loss is not very important but I think it is the trick of forex. e.g if you are trading using 3% of your capital in a position that means that the pair must be -3000 pips to loss your account and this is impossible without some correction to your entry point at least... so I think SL is only important for small accounts.

the question you would now answer is how many retail traders have large account and even those with large account have allowed greed to take charge of them by using big lot such that even with -50pips movement they would have margin call

It's up to you to use it or not. For me, it is very important for our security in order to protect our accounts from the Margin Call. Assume that the stop loss is like the Life Jacket.

you are absolutely correct . i think most of the retail traders have not big capital and think there is more retails trader . anyway if we run the loss then its not good when because forex is marathon and there is no end and start . so its better to use sl all time.