Red Herring
Corporal
- Messages
- 388
I do not dare to think without SL...
Sometimes when I see a 90% situtation that my trade would go TP, I trade without Stop Loss. And I will watch it carefully, if market goes reserve, I would cut it manually.
What happens if you lose your internet connection just before Ben Bernake or one of the other banking bigwigs comes out and makes a HUGE surprise announcement?
Under those conditions, people with SL will likely suffer from painful slippage. People without a SL could end up losing hundreds of pips if a margin call doesn't shut them down first.
What happens if you lose your internet connection just before Ben Bernake or one of the other banking bigwigs comes out and makes a HUGE surprise announcement?
Under those conditions, people with SL will likely suffer from painful slippage. People without a SL could end up losing hundreds of pips if a margin call doesn't shut them down first.
Good point, Pharaoh.Very low leverage carry trades can be done without a SL. The drawback is all that interest you've been collecting can get wiped out by a trend running against you, turning your perfect money generating machine into a medium sized loss.
i dread losing internet connections! it makes me crazy!What happens if you lose your internet connection just before Ben Bernake or one of the other banking bigwigs comes out and makes a HUGE surprise announcement?
Under those conditions, people with SL will likely suffer from painful slippage. People without a SL could end up losing hundreds of pips if a margin call doesn't shut them down first.
which broker do you trade with? what is the minimum trading volume?Thanks for your advices but I see it rarely happens, and if it happens on me, I will lose some money. But as I know Forex is a complicated market and after many losing trades. I always trade with minimum volume, so a lose trade couldn't burn my market.