stop loss

[Joy Bahadur]

Basically stop loss help traders to protect capital not to get high reduce when they are open wrong positions. However it difficult to point out the best stop loss level. It makes many traders to do not set stop loss and choose to use manual cut loss. If traders have time to monitoring trades , no problem if they are conduct manual cut loss. But if traders have no time to monitoring trades, better if use and set stop loss tool. 
 

[Cecil Marshall]

A stop-loss is a demand that closes your trading position when your losses on that trade accomplish a loss amount you set when you put the stop loss. Where to put the stop? It really relies upon your trading style, regardless of whether you are a day trader, swing trader, scalper or position trader. These all you have to learn. I have learnt all these from FXPM instructive resources. Their resources are free for their clients.

[Joy Bahadur]

There is nothing which is able to reduce your frustration until make sure a trading discipline as well controlling emotions.  We traders feel frustrated when we lose, and only due to lacking trading discipline and because of emotions we always fall a great loss.   
 

[Joe Hoover]

In any financial market risk management is a widely used tool. In forex market we are extensively using stop loss as a risk management tool. In stop loss order, a trader specifies the limit price i.e. the entry price (buying or selling price) of a currency pair and an order will be executed whenever the price reaches to that limit. In generally used to avoid unwanted losses due to change in price movement.

[CarlosR]

According to terminology of forex trading the Stop Loss is up to where you want to lose if your trade goes against your operative. so it is important to place it in each operation. The risk has to be controlled independently of the strategy we use to operate. A good stop loss helps a lot in our operations.

[L Moore]

There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before.  So, we have to emphasis on risk management policy besides acquiring good trading knowledge. 

[Resolve]

I have been doing my Forex Trading with FXOpen Markets from the last 10 Years and they are very Reliable and Trustable International Forex Brokers 😄