Thread: Real Fx traders do not use stoploss

Im fighting with placing my stop losses correctly at the moment, I had a couple good days following switching from virtual account to a suitable account. Employing small investments rather than much leverage I was in the green. Twice now I've been caught out by a surge when a pair has moved by a lot of pips, today it was the EUR/GBP at which it went higher than it has for a while, I wasn't sat watching as I believed I would place more than enough of a gap to help me in the trade for a while. Unfortunately it just a state hit the limitation and closed the trade. It is since dropped back a lot and can be more where I was anticipate it to be.

Has anybody got any tips for placing Stop losses to cope with such situations? Is it as straightforward as placing them higher / being ready to drop slightly more?

Actual fx traders do not necessarily utilize sl all the time. Will suggest any noob to keep away from over-idealized trading/trader descriptions and fetishistic rules, trading is simple and complied at precisely the exact same time. Real traders win if they lose money. Consider that and keep under-leveraged, so you can jump on to your next installments on same pair or even better into other pairs there is usually a genuine major difference between what people do and exactly what they say they perform.

Will the real FX traders please stand up, I repeat will the actual FX Traders please endure. . .We're gonna have a issue here.

I think you can't put a stop-loss only if you are 100% sure that your rate of work. Cases of evident situations could be, but they are quite rare on the market. I believe that commerce without loss is an exaggeration, even the most famous traders calculate the risks and put it

Should you trade with stop loss and have a good win percentage, and little draw down you are a genius. There are no staight lines in charts only fractures. In 1 Hour you are looser now, in 4H you are in good position, in D1 you are at the 50 fibo, etc. If I'd trade with stop loss would already lost all of my residue. It is a long story to explain all in details. But basically money market is a sharks market and they want your money - your stop loss ! That is just 1 thing they want. Therefore you are always somewhere in a midst of swing in bigger TF and more bigger TF. And your profit is going to be hit always. Just think short term investor, but although like a scalper. Should you do exactly what do 90 percent of traders after reading all staff from anyplace you will loose.

Just draw horizontal line somewhere in middle of a previous monthly candle and go down to smaller charts. You will realize the fact, how many times your profit was hit

This type of good and interesting method you mentioned previously. It suggests to a few ideas! It will be essential to test and see what did I pass! Zerrow-demo thank you for quite valuable and helpful information! That's why I really like to read and participate forums such as that. Always something to understand.

If a egy is a losing egy, it is extremely likely that by reversing it, that it still will be a losing egy. Random calls reversed remain arbitrary calls

Originally Posted by ;

This type of good and interesting method you mentioned above. It suggests to a few thoughts! It will be necessary to check and see that what did I pass! Thank you for information that is very valuable and useful! Thats why I love to read and participate forums like that. Always something to understand.

It isn't a egy it is merely an example. You want always to place everything on plate , here SL, there TP and so on. But this instance works better
than 90 percent of traders perform. If you think a bit deeper.

Originally Posted by ;

Im fighting setting my stop losses correctly in the moment, I had a couple of fantastic days after switching from virtual account into a proper account. Employing investments that are small and not much leverage I had been at the green. Twice now I've been caught out with a surge when a pair has moved with a lot of pips, now it was the EUR/GBP where it moved higher than it has for a while, I was not sat watching as I thought I would place more than enough of a gap to help me at the trade for a while. Unfortunately it just a say hit the limitation and shut the transaction. It is since dropped...

I'd practically the same situation, on the demo account everything seems simple, but on actual one not.
I would be thankful if someone experienced gave a bit of advice on that.