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From Forex – Real Forex traders do not use Stop Loss

introduction

There is a big claim from some “famous” Forex traders who have raised more than a little controversy in Forex forums. They have said that “real traders do not use stop loss orders” and that they have started paying particular attention from the beginning of Forex traders. Today, if you’re just getting started on Forex, should you stop stop-loss orders altogether? At the end of this article, you know the truth behind these great claims and the lessons you can learn to become a better trader.

Do real Forex traders use stop-loss orders?

So do “real merchants” use stop-loss orders? I know enough of them that they do. Some of them could now market them as permanent orders, and others could use a “mental stop.” No matter how they do it, all the major Forex traders I know have an “exit” point, and so should you. I think who said that “real traders don’t use stop-loss orders” meant that they tend not to place a permanent order like most beginner become a funded account trader.

Foreign traders who trade in large positions tend to be very reserved for their stopping points because they do not want to allow market makers or brokers to look for their stops. That said, they have junior operators who monitor their positions throughout the day and are always ready to take them out of business when stops are reached. This does not mean that anyone starting in Forex should do the same because the difference between beginner Forex traders and expert Forex traders in terms of experience and discipline is huge.

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Don’t try this at home if you learn how to trade Forex!

The fact that expert dealers do not place a permanent stop loss order with your broker does not mean that you should not do so well. When you are just starting out in Forex, you do not have time to operate a mental stop. It is also a very dangerous practice when learning to trade Forex because even the slightest hesitation can get you into a world of trouble. The dangers of stopping hunting at this stage are far less than the risk of emotional exchange failures.

When you start trading Forex, you need a lot of structure to help you learn how to trade Forex with discipline. It is important to operate a profitable and proven Forex trading system and place all your stop and limit orders on the market. By creating an environment that promotes commercial discipline and emotional self-control, you can learn how to trade Forex safely and profitably for years to come.

Thad B. is a professional commercial systems developer who has over the years developed and managed dozens of profitable commercial systems for a private hedge fund. Forex trading systems are your passion and experience and you have a wealth of useful resources available to any serious Forex system trader.

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