Here is another way of studying it, for intra day traders and the usual 1:2 win setting ratios and the volatile country of all mkts, your broker signals your S/L WILL get struck!!!
Here is another way of studying it, for intra day traders and the usual 1:2 win setting ratios and the volatile country of all mkts, your broker signals your S/L WILL get struck!!!
I trade frequently with no stop loss, I haven't lost anything really, It appears that I'll keep on trading such a way.
I am in the united kingdom and have only started using binary bets (not certain that these can be found elsewhere). They're not appropriate for many trades, but for specific circumstances, they imply that a position can be held by you without worrying about getting a stop loss hit. I would really like to hear about anybody else.
Depends on trades. If I'm willing to give enough room to move to the trade I won't place a stop loss. I will hedge with this trade and perhaps shut the losers as it goes down or up. However, I do ensure I have sufficient margin for this trade to move a lot. Otherwise I place stops set up. I've learnt the hard way
I am currently testing a method that does not use stop loss, however, the position is obviously closed at EOD (end of day).
So, you might regard it as a no SL system, but so long as there's a clear, deterministic principle for closing the position (that is not margin call, of course...) it's a stop loss.
Trading without prevent loss is unwise
as someone said perhaps you dont chose you appropriate sl
Trading without stop loss is unwise
as somebody said maybe you dont picked you appropriate sl it's better to set them above the resistence or outside service amount
so much example if you're selling AUD/USD in 1.0250 I would place sl above 1.032 because chances if it breakes this level the pair may visit 1.04 and 1.05 etc and may never come back for weeks
FX is field of trading not a field of investment that losses are regular or occasionally inevitable but
as a begginer,should you wanna make profit possess a suitable reward to risk ratio say 3:1 that even if 50 percent of your positions hit on your sl (which is likely) you still wind up up with profit from the long term