Stop loss or SL is the best way to reduce loss in forex market. Market is uncertain. Anything is possible in forex market. SO, it is wise and I recommend traders should use SL in every trader. During volatile market, price spike so much as that can blow you whole account in couple of second. So, SL is important as trading strategy. Right now, I am learning about risk management in Eurotrader free educational courses.
A trader enter into the forex market to make money. Investing in forex market is very risky. But if you have all knowledge about forex, it will help you to minimize the risk. In forex market there are various types of trader. Some are technical and some are emotional. Their perspectives are also different. Those who trade emotionally can face a big loss. Some traders trade in forex market to make profit quickly. These greediness put them in danger. There is no place of greediness in forex market. The more you trade patiently, the more possibility to become successful trader. Greed can be the cause of a big loss of your investment. I trade with TP Global FX. With them I trade technically and patiently. So, I earn slowly but make profit consistently.
