testing 1,2,3...
Do you use stoploss? 648 replies
What stoploss do you use? 27 replies
forex tip - Don't use a fixed stoploss brokers can target 23 replies
Personal Take Profit and Stoploss (per human, not per trade) 0 replies
DislikedGuys...I am going to level with you. There is no "system" that will ever consistently make you money. Trading without a stop loss works only when the market is ranging and can kill you pretty quickly when it starts trending away from you. No matter what you do, you will sooner or later have to accept one thing:"The mind can not trade forex!" You are using either past data...support and resistance...or waiting for some news to come out then guess where the market might be headed. This is a very stressful arduous way to trade and sooner or later...Ignored
DislikedHello everyone,
I don't want to give any advice as all the crowd is already advising that stop losses have and should be used.
This is what I was also doing until last month when I finally burned my account again. But that time, I decided that I should try something different, something out of the box.
And I just discovered that if you are capable of calculating your risk and that you have the needed capital or that you play small, you can live well without stop loss.
For me, stop loss = confirmation of loss.
And people don't realize that...Ignored
DislikedI didn't start using stop loss orders until a few months into trading. That's when I realized it was a big mistake not to use one.
The fact is, anything can happen in the forex market, and no one can accurately predict the price movement all the time. Therefore, I believe stop loss orders are a must.
It also pre-defines the maximum loss you're willing to take on a trade. It's an essential part of risk management, and all good traders are the ones who take risk management very seriously.Ignored
Dislikedhi guys,
I've heard that pro fx traders who do not use stop losses and this had contributed much controvesy. Anyone who approve or disapprove please commentIgnored
DislikedTrading without stop loss is like gambling in vegas??? Trust me...been there done that.Ignored