Clear and effective! A simple stop-loss method suitable for scalping [Forex Oni]

Even the currency demon who excels at scalping strategies that have become synonymous with the jargon, who thrives on small profits and endures unrealized losses, seems to have experienced the pattern of winning steadily and then losing big. How did such a beginner trader escape from that kind of trading?

Table of Contents

1. Proposals for mastering stop loss
2. You can control your own actions
3. Until I was able to cut losses
4. Where to place the stop?

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※This article is a revised edition of FX攻略.com May 2016 issue

Proposals for mastering stop loss

The importance of stop loss has been mentioned in articles many times up to now. However, when I look back, it seems that many discussions center on various techniques for stop loss, and I feel I haven’t touched much on my own experiences with the mental aspects and how to actually feel comfortable executing a loss cut.

In FX, cases of large losses occur when you don’t cut losses or when you cut them too late.

Therefore, in this article, aimed at traders who struggle with stop losses, I would like to propose several ways to master stop loss.