Make friends with probability and don’t rely on luck. You are the key to the unique trading system that will help you succeed !
Volatility on Forex market can be really substantial, especially during fundamental releases. In this sense it would be advisable to use at least SL order as sharp market moves can swipe all trading profits within seconds. You can try to trade without SL on demo account and see if it is ok with you
khann, yes many do until they actually do the math. Even the famed Turtle Trades with had a horrid win-loss ratio killed their losses early and continued the hunt for a runner.
Seems to me I read someplace they made a few bucks.
not a good idea at all, i learnt the hard way
Personally I would never trade without a stoploss, risk management is number 1
If you are a beginner and you ahve invested some money on the forex market then you are advised to use the stop loss all the time. I would say that it is sin to trade without stop loss in the beginning of your career. My statement means a lot and you ahve to take it serious. Thanks!
The beginner's guide to FX trading