Trading without stop-losses

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.
 
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.
 
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.

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.
 
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.

So far I know, placing SL does not cost anything! If still people want to go without it, let them 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.
Good point, Pharaoh.

It really must be accompanied by a good enough strategy.
 
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.
i dread losing internet connections! it makes me crazy!

I've experienced it a few times before, but most of those instances I had SLs on.
 
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.
which broker do you trade with? what is the minimum trading volume?
 
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