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Thread: No Stop loss strategy
  1. #581
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    No stop loss means you are all in all at risk and your whole account can be wiped in seconds so if you are an beginner or untrained unprofessional trader and try to trade without stop loss then that means you wanna give your money to market to engulf it. Beware of such thinkngs

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    Remember, Stop Loss and Take Profit orders are very simple tools that can make the difference between a successful trading career and a big hole in your pocket. Consider using these orders with every trade that you make.

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    Yes no stop loss is a strategy in its own as i was told by my mentor , but it is not good to be practised by newbie until you get mastery to trading. the strategy involves having a large account base, say if you fund $1000 , you use .01 of a lot believing that if the price go up, it will sometime come down and you make profit. this method is not so profitable at log run.

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  6. #584
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    No stop loss can not and will never be a trading strategy and as for me it is a very wrong way to trade the Forex market because the Forex market is highly unpredictable and any thing can happen in the market price there can be an unexpected move and it is only with the proper use of stop loss that we can protect our self from the uncertainty in the market. so always use your stop loss

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