The trader without stop losses might be more prudent in the choice of trade, money management, and the control and monitoring for the account. in a real market-meltdown a stop loss may not protect you anyway; this final point is the killer.. Floor traders method with no stop loss forex trading strategy this is a variation of the floor traders forex trading method and the only variation is not to use a stop loss initially when you enter a trade .. Traders who use stop-loss, are those who are new to forex trading. another reason for using stop-loss is when you trade on longer time-frames and you don’t want to stare at the charts for hours and stop-loss works as safety catch..
One of the biggest dilemmas forex traders face is where to put the stop loss order. any trade should have a forex stop loss order. trading without a stop loss is not only risky but foolish too. the forex market swings aggressively. not once, the currency pairs travel only to take the stops on a previous swing, and then reverse.. I used to trade without stop loss - sooner or later it turns against you. it gives nice profits as long as price goes your way - but it is gambling not trading and luck won't be on your side forever. you can earn 100000000% and then you will loose only 100% and all that's left is anger and dissapointment, but i guess it is a lesson you need to take to become a good trader (or to stop trading). Hi guys! do any of you trade without a stop loss? is this doable? i would suggest that there are two core ways in which stop losses are utilised: as an integral component of your trading strategy, whereby your stop is intended and expected to be hit under pre-defined conditions..
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