Trading without a stop loss!

1. I always trade with stop loss.
2. Once I lost tons of money because haven't set them. During huge movements, for example while JPY intervention, one can lose everything just in couple of minutes
3. I never use trailing stop. If price goes more than 30 pips (dependantly on currency pair) from entry, I always set BE

In your trading plan, you must have stop loss and take profit point.

However, you may be not set them in you begin of trading except you use high leverage (>4). I trade both depends on time flame, week and month never set, less than 4 hour set.

Imagine that you do business and you do not use leverage, it is not important to set stop loss whenever you business have profit with that conditions, you must have never been margin call.

My first target point is 0.6 ATR in trading tf. Remember that if you are trend trading do not try to set stop loss in noise and if you are scalping trading do not set stop loss in the trend zone.

Those who does not set their stop losses in forex are similar to a driver driving a car with no brakes. Stop loss calculation is necessary in trading unless you are trading binary options where you only have to predict the value of underlying asset and the risk amount is already known to you.

Sometimes if SL is wrong set up then it can be lose as well. So setting up Stop Losses is an art Some people trade without any SL but they have some additional information about market from e.g. banks yeah, these people usually work at bank institution

True, stop loss can be a double-edged knife if you don't know how to use it properly. If you do, however, it can be pretty useful

yes trading forex without stop lose is really doable, but not to the extreme like some people think, i mean as long as the trader is focused and there to tend to the trade then by all means do it, but just remember it comes with risk, just make sure to have nerves of steal when you do it, i do sneakin a couple of trades on my hotforex account with out stop lose, but it like a mini scalping thingy so yeah i do it.

The automated stop loss function seems to only be useful in extremely volatile areas, and when having to visit your grandma.

The former, at least, happens often enough to make the function useful in general though.

I always trade with a stop loss. I don't stick to a particular number, it depends on my strategy, the pair I'm trading on and my target profits.

Why do you prefer not to use a stop loss?

I you hate stops then trade currency Vanilla Options, this gives a lot of flexibility. Google city monopolist trading for information on Vanilla Options. These are different from binary Options and not many brokers offer them. So you buy the premium, spreads and margins all don't matter that much. That way you can be quite successful rather and you can use volatility to your advantage at the same time have reasonable risk.

If you don't use stops in the spot market you will get killed.

I differ from many of you guys, and I have evidence to back it up.
I trade two different strategies, both of them profitable and one of them with an EA, and I don't use SL in any of them.

Having said that: If I were to trade based on price action, a single trade, I would use a SL. It would be crazy not to. A lot of things can happen.
However, both of my strategies work without SL because of their nature:
1. One is a hedging strategy using 3 pairs at once, so I can't use a SL because it would kill the nature of the hedge. I have drawdowns but when a pair does something crazy (like behaving like it should) the other two compensate so it's a matter of time before going back to normal, and to profit.
2. One is an EA that is always trading, when it's not long it's short. It's based on the fact that there are more ranges that rallies. Do I get bad trades, specially when there's a big rally? Yes. But in the long run, the smaller good trades compensate. I tested it using a SL in each trade and it was not profitable because many times the trade goes to red before going back up to profit. In the long run there are more trades that go back to profit after being in red, than the ones that don't.

Hope it helps.

Trading by using stop loss is very profitable for traders because the stop loss will allow us to minimize the risk of so well that we can make trading with maximal. therefore, we need to always use a stop loss well

Honestly, NO.

I consider it a suicide, I've done a few times and I always lose money in a way when I do it. I always set a stop loss few pips higher just to guarantee I won't blow my account out.

trading without having a safety very dangerous. Forex is a business that has a very high risk and therefore we need to be a lot to learn and practice trading with a well so that the risks can be minimized with good and always use SL as a safety

I try to put my SL near the support/resistance that would indicate that my trade was placed the wrong way. Not only does it help minimize losses, but if I, say, have a heart attack mid-trade, I won't get out of the hospital and realize my account was destroyed.

You must have a stop loss else you need to have an EA that manage your losses.

trade using a stop loss is very important because stop loss can as a safety so that it will benefit us

If you don't trade with a stop loss then you're just asking for trouble. You might win 9 out of 10 trades... heck, you might win 999/1000 trades! But it's that 1 that can take out your entire account.

It's just not worth it. Trading is about managing risk. Do it with your stop loss.

I agree, setting up a stop loss is one of the best ways to manage your risk and control your trading under all circumstances.