Simply put, the stop loss is the place on the chart where your analysis was wrong.
Yes i will
In this case; support/resistant levels play a very important role as SL/TP! Besides; previous high & low levels are also countable!
Figure out who regulates the industry in your country and lodge a complaint against this company. Close all open trades so you don’t lose any more money.
Do a google search for complaints against this company and figure out what steps others may have taken to retrieve their funds.
The chances of you retrieving your funds are probably small but you should try your best to do so. Don’t just sit back and let them rob you. Give them hell!
Makes me so mad that these rogue companies are allowed to operate with impunity.
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You HAVE to open a paper-trade account until you understand how things work.
Thank you i can do that🤔
Yes i will do this now… though my account manager never told me this!
He does not make any money when you paper-trade.
iam fu…g shocked!! how can you let others trade your money without having the smallest idea about the topic of trading!!! forcing you to trade sounds highly ilegal to me …wtf
get your money back and take a lawyer …
and before you think " i wanna trade again" make yourself familiar with the topic please!
wish you all the best and that karma will take care of this so called company !!
Thank you mate i was only gonna do the 200.00 but he sold me a ‘strategy’ where i could make 3k> plus each month with 10k. I cant call the man/company as the numbers they call from are weird and sort of connected to a computer automated msge and i cant leave a voice msg. Only hope is via email which takes 3 days for a reply. Ive contacted our fraud people but it’ll take an age as theyre so busy. I’ll continue with trades in the meantime to raise my balance in the hope theyll refund me only then can i go with a reputable company and trade properly.
You should assume what is it just by judging with it’s name and that’s really it. So please do work with that. It’s the point where you stop losing actually and you should set it. Like some people already suggest you really need to play with demo account first.
I read such info:
A Trailing Stop Loss is a Stop order that can be set at a defined percentage away from a pair’s current market price.
It is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the user’s favor but to close the trade if the price changes direction by a specified percentage deviation. That function allows users to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain.
I would argue with the "defined percentage. Too me, it’s pips. Then I adjust trade size to equal no more then a 1-2 percent loss of my TOTAL account. Think there is a difference?
Ok so a trailing stop loss is the same as a stop loss?
Basically what we’re doing is setting the lowest level we’re prepared out trade to go BUT it doesnt close the trade nor does it stop the profits unless we have a Take profit amount built in. Have i got it right?
Not exactly…
A stop loss is set when the order is placed(by most). When/if the price goes in your direction you can move the stop loss higher/lower or decide to “trail” a stop up/down, like a 10 pip trailing stop. Many platforms allow you to set a trailing stop.
Setting the stop loss does not close the trade unless price goes up/down and meets it. It has nothing to do
with whether you have a take profit built in or not.
Placing a stop loss is like creating a robot that will take an action once a price hits a certain level. Your “robot” will be awake 24/6
Say you buy one stock of AAPL at 100 dollars and place a stop-loss at 90 dollars.
If price ever falls below 90 the “robot” will automatically sell you order ensuring that you only loose 10 dollars.
**If they is high volume trading e.g following a scandal, it might take a while for the broker to execute the order so your loss might be 15 instead of 10. Also it is recommended to choose a reputable broker as they have the most robust IT infrastructure so can execute orders quicker and most consistently than smaller or less known companies.
Stop losses are free of charge. However some brokers give the option of a guaranteed stop loss orders for a fee.
Thank you for your response it all helps
Ok thanks. So if i place a trade and i want to reduce loss i can put my lowest value in stop loss box so that if the trade doesnt go to profit then at least i can control my loss. Eg i can set it just a few pips below the purchase price thus it will keep options open for when it hopefully changes to profit.
Go Here
https://www.babypips.com/learn
Click “Start Course” !
Come back and ask about “stuff” when you have gone through the course 
That would be really great; I am sure you’ll get tons of solutions in there! All the best!