An important note:
= due to very special nature of Forex market - there are numerous traders, huge banks here, including central
banks etc.,
= and because of uncertainty of this FX market,
= and due to high correlation of several currency pairs,
= because of maniputation on market (for example Swiss banks' manipulation for example NZD, and all pairs with CHF),
- As a result - it is absolutely mandatory to USE TRAILING STOPs on Forex Market.
Is it necessary for profitability - regardless of success of your core trading system.
A good trailing stop can make profitable any decent (not profitable yet) trading system.
= due to very special nature of Forex market - there are numerous traders, huge banks here, including central
banks etc.,
= and because of uncertainty of this FX market,
= and due to high correlation of several currency pairs,
= because of maniputation on market (for example Swiss banks' manipulation for example NZD, and all pairs with CHF),
- As a result - it is absolutely mandatory to USE TRAILING STOPs on Forex Market.
Is it necessary for profitability - regardless of success of your core trading system.
A good trailing stop can make profitable any decent (not profitable yet) trading system.