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Why we do not use stop loss ?

Discussion in 'General Discussion' started by davidson333, Apr 12, 2016.

  1. davidson333

    davidson333 Member Trader

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    Forex trading market is a huge market. In this market daily 3 trillion of money is being invested. So this market is the most volatile and unpredictable market in the world. So we should use stop loss to keep safe our trading balance.

    What is your opinion ???
     
  2. GOSHI

    GOSHI Active Member Trader

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    I guess you make mistake of not using stop loss and you will blow your account within seconds. I guess stop loss should be set on top priority as every successful trader do this before entering the forex market.
     
  3. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    Not using stop loss is rarely a good idea. If there's a whipsaw or a random spike, or you lose control over your account due to power outage or internet connection loss you could incur a lot of losses.
     
  4. Christo Phernn

    Christo Phernn Well-Known Member Trader

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    I think this depends on our confidence level, I never prefer using Stop loss since I am always around to check up with my trades, so majority of the trades use it when they’re not active and they use it as safety point, but for me this isn’t any issue due to been active 24/5 while this is possible through OctaFX broker’s cTrader mobile platform, it’s really helpful and I am able to perform so very well without facing any difficulty at all.
     
  5. Sarfraz Ahmed

    Sarfraz Ahmed Well-Known Member Trader

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    I was using stop loss when I started up in Forex, but thanks to brokers like Nova FX and such, I was soon out of using it because of regularly getting my SL hit by spikes. Now, I am with great broker yet I am very scared to use it due to early issues that I faced, but I think it’s important to use it to survive unexpected situations like we recently saw in Flash Crash with Pound.
     
  6. Stuart Pearce

    Stuart Pearce Active Member Trader

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    It’s good only if we are using stop loss because it gives us extra room to play with, but if we are not using stop loss then we can have obvious difficulty and battle with getting things right with working in our favor. I am very lucky to be with OctaFX broker where they excellent structure where every facility is available and also proper guidance where to use stop and why to use it because only then we will be able to perform nicely.
     
  7. amittimothy

    amittimothy Well-Known Member Trader

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    If Anyone looking for excellent MT4 TRADING EXECUTIONS please try Forex marts accounts.
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  8. amittimothy

    amittimothy Well-Known Member Trader

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  9. amittimothy

    amittimothy Well-Known Member Trader

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  10. amittimothy

    amittimothy Well-Known Member Trader

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  11. amittimothy

    amittimothy Well-Known Member Trader

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  12. amittimothy

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  14. amittimothy

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  18. amittimothy

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  19. amittimothy

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  20. amittimothy

    amittimothy Well-Known Member Trader

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    * Return the funds owed or belong to the covered client
    * Turn over the financial instruments to the customer entrusted to the member firm.

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    Compensation payable to the covered client will depend on the prevailing rules and company's books. It is computed by adding all the total established claims of the client against the firm, stemming from all the services rendered by the entity. As of present, the amount paid to the covered clients is €20,000.
     

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