Stoploss and No-Stop loss
Yep, if you don't use a stop loss then you have not been trading long enough to realise that fx moves 1000 pips in one direction every 3 months or so. Maybe more than 1000 pips every 3 months. If you get complacenet you will lose your account. It might come back in a year, and you will have no trading until that point.
Stoploss is good for those who are just fearing of loosing their all the funds in forex trading and i just use stop loss only when i feel so complicated and when i am not sure on my order.
Rubbish! Professional traders use stop losses for a good reason, and it's not for fear of losing their account. It's about control and if it's good enough for them, it's good enough for me.
No one can ever be sure about their trade because no one knows (unless you worked at Barclays) what's going to happen next.
There must be times when you have thousands of negative PIPs on your open trades list.
Originally posted by bharat23Stoploss is good for those who are just fearing of loosing their all the funds in forex trading and i just use stop loss only when i feel so complicated and when i am not sure on my order.
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Really? It is not fear, it is money and risk management. If u dont manage it then yes u can loose all ur money. You said as if loosing all money is impossible in forex.
Stop loss is really good and we can use it sto stop our loss all the funds but we should have to see the market condition first before we place any order then only we can be in profit.
A stop loss does not olny stop losses, it also stops a winning trade turning into a losers.