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Yes, it has lots of benefits that's why traders adopt it like never before to keep their trade safe and not reducing more than what is expected.Yeah you have a very valid point there in the subject of stop loss as it relates to trading the forex market or even the cryptocurrencies market or stock market as well. It has a lot of benefits to traders indeed
You're right dear, the stop loss should be understood too. So the trader applies it duly and not just applying it when it isn't important anywhere.And it is not just about using stop-loss anyway, there are some places you need to use stop-loss because if its drop beyond that position and a break a certain resistance ,the downtrend will be huge, knowing the right place to place a stop loss is also very important.
I actually agree with you that failure and experience this one ability to succeed especially in the kind of venture that you are building at the very first time but it should not be the norm for you as a human being for you to think that failure should be mandatory for you because the best form all success is by having the knowledge of any business that you want to go into.Failure and experience gives the one the ability to succeed the many things because it will make you to have more knowledge and advantage of how to conquer situations.
Like I said before, personally I feel experience is the general word or term used for success or failure, in other words your failure is something you went through, which is an experience.Experience to me is the best teacher not failure. Because the fact that I failed does not mean I can't fail again and that does not necessarily make me a failure. But with experience and time, inget to become good at what I do
For me a persn i would like to go with the learning process that o on with what experience brings rather than failure,by this i mean,learning from others from their own past experience and possibly learn from them and this will save me a lot of time and repeating such mistakesExperience is important to manage things in a better way in the future. So, when you the experience of dealing with a rough situation, you learn to remain calm and composed about the whole situation. Thus, the experience is the best teacher to learn calmness.In order to grow, you need failure, it is life's ultimate lesson. ... Through failure, you will get to know yourself better, and you will learn from your mistakes. Failures make us rethink, reconsider and find new ways and strategies to achieve our goals.
Failure has always be the best teacher, because when you fail you discover new way of doing things and this will help you to become a better person, sometime the more you fail the more you master the act of doing betterExperience teaches one way to achieve success in Business. But failure teaches many ways to achieve success in business and in the end you get to know what works or not.
Thomas Edison said "I haven't failed -- I've found 10,000 that won't work"
Experience truly count. But Failure is the best Teacher. What's your take?
You are only a failure when you don't see the reason or learn an experience as someone that had tried and failed. So it is better said that experience is the best teacher and not failureExperience teaches one way to achieve success in Business. But failure teaches many ways to achieve success in business and in the end you get to know what works or not.
Thomas Edison said "I haven't failed -- I've found 10,000 that won't work"
Experience truly count. But Failure is the best Teacher. What's your take?
Failure leads to experience which leads to achievement in new ideas and innovations. While experience is the success of past and present failure. Every failure is an experience and every experience is a lesson learned.Experience teaches one way to achieve success in Business. But failure teaches many ways to achieve success in business and in the end you get to know what works or not.
Thomas Edison said "I haven't failed -- I've found 10,000 that won't work"
Experience truly count. But Failure is the best Teacher. What's your take?
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