Easy Explanation of Using Stop Loss

New Traders may refer to following link for simple explanation of Using Stop Loss to restrict losses.

http://www.moneyinfluence.blogspot.com/2008/04/stop-loss-order.html

Thanks for the article.

I use Reliance Money. Will try the steps you have give for a stop loss order.

ashish had a beautiful explanation of stop loss..its like the centre of gravity.
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Thanks guys for reply

The link was not working for couple of days. now it working fine. sorry for Inconvenience caused.

Excellent article vishal
must read for every new trader

Pratik

Thanks Pratik

Having knowledge of using stop loss is one thing & using it without fail is another.

I have met some guys who have contrary view on stop loss. according to them when u put stop loss order your mind keeps on worrying about stop loss being hit. & when u keep on thinking about it, thats what happens(power of intention as they say).

well can any one express views on puting stop loss order or not using it?


thanks again

fcharts software is not down loading fully properly. is there any easy way. suggesions pl.

Try ChartNexus. Its good and free.

Rarely great article. The issue of stop loss is very important in forex trading because stop loss is like driving a car wiyout break because if you are trading without stop loss mean you are risking all your capital which is very dangerous in forex trading.

thanks for the great article this can help me with trading