I think there was  similar discussion about it in this forum. Anyways SL strategies are always better as their is a predefined risk in these strategies. In No-SL strategies there is always a chance of high loss. I still do not understand such systems fully.

Yes i confirm. You might have very easy and good results with no SL but eventually that one time come that will waste you off. There is a third option even if is forbidden in US which I think is like setting a SL even maybe psychologically better which is hedging i.e. Open opposite position instead of closing the old ones.

I trade with stop losses. Lost 80 PIPs today because of stop losses. However, I'll never trade without one. Mine are probably too close. To me, hedging is a wast of time as you are trading both ways, thus not making any money.

Why is it so much easier to lose in FOREX than it is to win?

Originally posted by leebut

I trade with stop losses. Lost 80 PIPs today because of stop losses. However, I'll never trade without one. Mine are probably too close. To me, hedging is a wast of time as you are trading both ways, thus not making any money.

Why is it so much easier to lose in FOREX than it is to win?

SL is a always a better option.

Actually whatever we assume is assumed by most of the traders like us. Whenever we think that "why market always go opposite to our decision". It is because small traders like us are thinking the same.

Hedging is actually securing ur profits but it also enables u to went through the difficult market periods where u really need to lock ur profit. I agree with u that hedging has more disadvantages. So high skills and trading experience is needed to use it to our advantage.

I am also a supporter of strategies that use SL. The reasons are very common that many of u know. Lower drawdown and better risk management. No-SL strategies do have logic and you will see many good traders not using SL. But I will prefer SL users of others.

Originally posted by illiterate

You can see many traders using SL and making profit. Similarly many traders not using SL and still making big profits with low drawdown.

Which one do u prefer and why u support it?

 

i did without stop loss...and i still get profit...and how about pips locker..did you use it or not?

I have never heard of pips locker. But it looks something similar to trailing SL. Please tell more abt it.

It is always important in forex to minimize your risks and losses and then aim at consistent profits so it is important to trade with stop loss and a trader must make it a golden rule to always place stop loss to all their trades .

Well i don't like to use stop loss because whenever i used it i suffered a loss there and i just like to trade without it and i am just using take profit and i am in good profit.

Bharat23,

You must have a huge account balance to not get margin called. Not everyone has that luxury.

I'd hate to not have a stop loss and go long/short just prior to a trend change that moves 3,000 PIPs the wrong way, and then wait over a year for it to come back. That is if it ever does.