I want to know can I place a long trade and leave it there without putting in a stop loss?, so if the trend goes against me my trade isn’t cut and I lose it.
Say I just want to earn a few pips but not too worried about the time frame and place it on a GTC…so even if a few days go by and I reach my pip target I don’t lose?
Is this strategy allowed and possible?
I am not also looking for remarkable fluctuations…say I want to earn 10/15 pips
on that trade.
I want to learn to trade with minimal risk for long term success so trying to work out diferent strategies before I even hit the platforms with a demo account. Your expertise and answers would be most appreciated.
Yes, you can. Whether it’s advisable to do so is a whole other question.
you can, once you have enough funds to cver the margins, hence you’ll get a margin call.
Thanks guys for your lovely replies…I think yes…I understand now…if it goes the other way…I am in a bad way if I haven’t got wide margins…and my predictions don’t come right…thanks…this has helped me to understand better…