Question Is "Stop Loss" a must thing to do?

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    Thumbs up Question Is "Stop Loss" a must thing to do?

    Question Is "Stop Loss" a must thing to do?
    Is stop loss a must thing to do?
    When is it necessary to do?
    I have never use "Stop Loss".
    Could anyone guide me pls..

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    Now this is absolutely dependent on what your strategy or money management is, if it’s good than we might not need stop loss in most times, but if we are poor at those things than it’s absolutely critical to use stop loss, as there is no other way round it. I use it rarely since I do scalping and I never really need that, it’s all easy for me with OctaFX broker given their top conditions with small spread of 0.2 pips, stop out level 15% and margin been 25%.

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    Senior Member Robert Edwards's Avatar
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    Yeah stop loss is absolutely must because the better we manage risk the easier we will be able to make profits. I don’t always use it especially if I am going for long term trading, but as per scalping, it is something that I always keep in my tool kit. I get a lot of help with Nova FX broker given they have massive bonus up to 111% on deposit, so that’s seriously good and helps me in every possible way which is why i am not really required to use stop loss all that much.

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