The smart fool would place their equity with the broker, the trader would give the broker margin due to their positions
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The smart fool would place their equity with the broker, the trader would give the broker margin due to their positions
I cant agree with that statement.
I can only talk for myself, but that random spike or flash accident which happened lately on the GBP pars made me more careful about trading without a stop loss.
This notion of trading without a stop loss is just asking for trouble.
no bueno.
Trading without prevent loss is very likely to burst your account.
Trading with positioned stop losses may also burst your account. You has to understand how to use it properly if they would like it to be a useful tool in controlling their transactions, although I'm very much in favor of using a stop loss.
I currently trading without stop loss in daily TF and with cheapest leverage ( eg: 1000 USD account I exchange 0.01 lot size, imply 1 pip 0.1 USD) and will do hard prevent loss if the price against my trade. I'm comfortable and rather great profit I really like this trading kind. Therefore, you can exchange with cheapest leverage, with higher leverage your account will dismiss shortly.
Use stop loss on trading account should people do, and together with my own trading account, I could be controlled better at managing risk in FX trading. And be optimized to get a result.
But have you ever tried it? Properly?
Reduce trade size to a sensible sum, wait for signal in a direction and trade.
Even a little trade size may hurt if there's an unexpected effect news event which is responsible for a big spike. You can be protected by A stop loss from that, if it's well positioned.
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