Pharaoh
Brigadier General
- Messages
- 20,308
1) Look again at the chart, you would enter this market AFTER the news,
after YOU digest it and determine..... Of course this includes your RISK level.... why do you say it WOULD be an $800 loss??
Stoploss is a good thing in spot forex also. However, you can't set your stop 3 pips (or whatever you use as the equivalent in forex futures) and expect not to get killed by market volatility.
Spot forex allows trading at a MUCH smaller level, so that far less is risked with the same stoploss. It also allows traders to get into the market with a smaller amount if initial cash.
BTW - I'm sure there are PLENTY of futures traders who also lose all their money. All of those statistics about the percentage of forex traders going bust apply equally well to all the other markets for leveraged trading, both of money as well as other commodities.