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Anyone Trade without SL ?

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  • #16
    Originally posted by Razumovska
    I have read the idea that trading without stop loss is possible if you use a low leverage. I guess this discussion took place on forexfactory. What do you think about that?
    The basic difference is the amount of money you expose to risk, but main question in trading without SL is are you able to rely only on your own set of skills and decisions. So, from my point of view, there is no difference in leverage

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    • #17
      Generally speaking. Both kind of traders can be successful and failed. Once you become successful trading with SL then you can go outside and enjoy life.

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      • #18
        Originally posted by Ahmer View Post
        Generally speaking. Both kind of traders can be successful and failed. Once you become successful trading with SL then you can go outside and enjoy life.
        Once you fail in trading without SL you can go outside and enjoy your life as well

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        • #19
          It's quite risky for me... I always trade with SL and usually set it about 10 pips, but amount always depends.

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          • #20
            Originally posted by forexbonus100 View Post
            Trading without Stop loss is very Risky
            Stop loss is one of the best tool for Forex trade which protect the capital money from maximum loss and controls the emotional trade also . Trader must use stop loss before opening trading position to make trade safe and risk free . Trade should automatically close when reaches at certain price

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            • #21
              I can't do it without a stop loss. I'm too afraid of losing control over my trading for technical reasons at least,

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              • #22
                What about some world event like terrorist attack or tsunami that might wipe out an account while sleeping?

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                • #23
                  Originally posted by arbtrader View Post
                  What about some world event like terrorist attack or tsunami that might wipe out an account while sleeping?
                  Hahaha, aah, I lost internet connection - and consequently couldn't control of my account - due to a lightning strike once. It was a very panicky half an hour until I finally, finally managed to call my broker and tell them what to do with it over the phone.

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                  • #24
                    I've learned the hard way that even placing a stop loss isn't a security against major losses. I had a good limit stop loss before I went to the bed the night before the British referendum. To what do I wake up to? Not a hit stop loss but a stop loss that got triggered but not executed due to the fact the market was so volatile that my stop order didn't reach the market in time to get executed. Result? 20K loss on a 28K account.
                    I now place a stop depending on the situation. But most of the time I still place a tight one because I trade breakouts on H4 and daily and either you are correct and it shoots out or you are wrong and it goes the other way or stays side way for a bit longer.

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