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    Thread: Reason behind stop loss (Part 6)

    1. #91
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      the stop loss is meant to help you to trade with caution when you trade in the forex market and when you do not have a stop loss then you should know that its never a good thing because the price can move in any direction, as professional trader have always told us to make sure that we include the stop loss parameter in all our open trades.

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      It's a good thing that stop loss has been created as a helpful tool for traders. With out stop loss tool we wont be able to control how much we are willing to loss in each trade. Those who don't used stop loss should have good reason as well as effective ways to minimize the risk in their trading and excellent skill to avoid margin call.
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      The idea of using stop loss is the best thing a trader can make use of in his/her trade. Without stop loss, a trader's account won't last the normal duration because of the rate of loss being incurred.

      Making use of stop loss helps a lot in conserving one's account such that a trader would not be experiencing the uncalled-for stress of loss of account.
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