When we can trade without stop loss?

Eryk Martin

Recruit
Messages
151
The only way of trading in the forex market without the use of stop loss being places and there is requirement of good account management as well, keeping all these things mind, one can actually set a mental stop loss for which the person needs to be monitoring the trade such that when they reach certain loss level they may close the trade.
Yes mental stop loss is really a good thing to highlight, also, one should maintain enough margin in this case.
 

sarah2701

Recruit
Messages
57
Forex market is totally random anything can happen in it at any time so as a trader with limited capital we should always always trade with a stop loss.
Exactly, we can not predict what can happen in forex therefore it is very risky to trade without stop loss, and if you even want to trade without stop loss then always remain in front of your system so that you can have a continuous check on your trade.
 

bigdolly

2nd Lieutenant
Messages
1,125
You can trade without stop loss when you feel you have good control over your trading and can close a position manually or when you trade with small leverage and price going heavily against you doesn't inflict critical losses.
 

Kirstysingy

Recruit
Messages
25
I would say it’s important to have one as when you enter a trade without one you are potentially putting all your balance forward and could lose it all. There will always be another trade to make that back and losses are all part of the learning.
 
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