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Importance of Trading with a Stop Loss [message #2042] Fri, 13 June 2014 11:49
hill4j  is currently offline hill4j
Messages: 13
Registered: May 2014
Location: lagos
Senior Member

Having learnt much in technical analysis, it is natural to start feeling very confident and self

assured. However, you must learn that it doesn't matter how much you have learnt; if you do not know

where to place your protective loss stops and manage your equity, you won't survive.

If you are into any business but do not have a plan, you are likely to be out of business sooner than

you would imagine.

Every trader must have an equity management plan. Every trader must trade with protective loss stops.
Every trader need to create a plan and also trade the plan. He/She must have a protective loss stop or

shouldn't trade at all.

It doesn't take much for the market to move against you.You think it's going to be a trading day, but

the market turns in a very volatile trending day. Now, the trade moves 30 pips, then 50 pips and then

80 pips against you. the next thing is that you you become desperate and emotional, then you try to

make up and end up making wrong choices and you just watch the market liquidate your margin account.

No one is above the laws of trading!

The question then is where do I place my stops? The answer is easy.

visit www.fleetforex.com/NG

You can also download the Demo trading platform by clicking on
http://fleetforex.com/sfw/fleetforex4setup.exe

- Install the software, run it and fill in your details to open your demo account

- Start to trade with the login and password that will be automatically issued to you

The demo account offers you up to $50,000 free practice money to help you to get a feel of the

uniqueness of our trading platform.

You can also contact us via skype at
support.fleetforex
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