Stoploss is very important element in forex trading.
If somebody ever asking "do we need to put stoploss(SL) in any position we enter??
I would answer "It is mandatory,you must put stoploss in
every position you enter to be succesful".
Some might be thinking,I don,t like to put stoploss
and still can make decent profit out of every position.Yeah,he may be correct at this
time being before the market go against his position and the negative become bigger and bigger.
At this point,he is complaining to the market,"why do you ever stop and reverse, please..".
Even at this time,there is still little hope left and he would say
"After this it will stop and reverse and my account will be safe".
At the end,may be he has a luck and the market will reverse just in time
to save him some margin at least.In many case,nothing can be done until the
the "red light" is blinking just to see the account is blown away.
What's an ending after you're waiting and thinking day and night just to
defend it from margin call,but it just work against you.
The market is just very cruel and you're hopeless about it.
continue later...
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