When we can trade without stop loss?

[JayJones]

I aware SL is very important for our trades to keep the losses don't go further. But is there any chance to trade without SL? Good fund management?

Surely never trade without a stop loss???

 

[Christina Ledger]

i almost ALWAYS use a SL...foolish not to really?!

 

[bigdolly]

Surely never trade without a stop loss???

When you set 1:1 leverage you don't need stop loss because there is no loss in the strict sense. You just swap one asset for another and can hold it indefinitely (not counting issuer default risk). I use 1:10 with my broker and feel comfortable even in the current time of high volatility which makes trading absolutely unpredictable.

 

[Enayess]

Isn't it safe? It's the same way you lose all your capital. I wouldn't recommend this approach to anyone...

 

[Vo32ss]

Actually, a lot depends on the strategy, but it applies to short-term positions that happen before your eyes, that is, you can control the situation and prevent the loss of capital. But I don't think this is an approach that is optimal for everyone.

 

[erik59]

this is a strange question: the SL protects you if the price returns against you, why not using it?
More beginners tips here below:

 

[ForexViking]

ALWAYS use SL...

 

[DaveT]

Only time I've never used one is when my account balance is low and I don't mind losing it. Otherwise, always use one....

 

[steveday76]

Never

 

[Farm_Yard_Forex]

Complete capital suicide not to use a SL