Real Fx traders do not use stoploss - Page 3
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Thread: Real Fx traders do not use stoploss

  1. #21

  2. #22
    Hello,

    Most proficient fx traders are not proprietary traders. They have quite strict buy and sell orders against the banks customers and act to fill the orders.

    Also I doubt that actual prop traders have a mandate to put the entiry wagon on the risk - they are using stop loss

  3. #23
    Hello Friends ,

    Recently in the market I have seen lots of time price move againt me and come back to my own take profit The previous one I had been even 120pips down but it did not shake me because every thing has been measured. If you are likely to do your trades you have to comprehend that market could be in a bullish fashion ,bearish trend or in a sideways fashion. You're able to use SMA 50 and 100 as your own fashion indentifiers or should you realize how to use price action flow of highs and lows it provides you with an advantage ,you may hardly get trapped,if you are trapped it wont be long your wriggle out of it and be all indulged at the method of your profit.

    Another thing that might get you into trouble is market timing, its very important. Should you arrive at the market in the proper time you'll have less troubles. Know the market sessions London ,tokyo and Newyork

    THOUGHTS THAT GET TRADERS INTO PROBLEM.

    Many traders think that when a currency pair is moving up during london then it will or must return during Newyork or the other way round.They also feel the tokyo always keep a sideways range.

    They believe using a low but measured lot dimensions leads nowhere.



    So many traders think they always know markets high high and lower lows

    so many traders think that their are some opportunities that come that you must go above your prescribed lot dimensions because these opportunities may never come again.

    So many traders think they must trade all of the time.

  4. #24
    Professional traders do not use 1:100 or 1:10 leverages.

    If you go using 1:1, then of course there might be no stops for long-term positions.

    It is like your assets, in US dollar (if you're American): house, car, etc.). Where's your stop loss there?

  5. #25
    Do not be confused about terms of real fx traders.... Like states, the real trader is bank a institution that doing exchange needs rolling their enterprise, not a trader who create retail order or market manipulator type.

    Actual trader sit the order book, even if they hold big bullet they play it just like a system, without emotion. They will divide their order in the sake of liquidity. There is no stop loss as we retail trader see. They buy wait the time to depart their commerce, or short sell a Place to find supply of bidding below, that is all about real business

  6. #26
    Well as for me I have always used leverage 1:500 and never had any issue with that. We are constantly looking for Narrow ways, if leverage 1:1 puts you in your way ,nice. If leverage 1: 10,1:20.... Puts you in your way but any style that puts you in the_0_EXTENSIONk it

  7. #27
    Does a stop loss control risk, which can be your primary goal as a consistently profitable trader, it also gives you a metric for quantifying the quality of trades that you require in the form of expectancy and risk:benefit.

    I can almost guarantee your failure if you are not pre-defining risk at a transaction.

  8. #28
    Quote Originally Posted by ;
    Not merely does a stop loss control risk, which is your primary goal as a consistently profitable trader, in addition, it gives you a metric for quantifying the quality of transactions you take in the form of expectancy and risk:reward. I can practically guarantee your failure if you're not pre-defining risk in a transaction.
    I never use a stp reduction and figure what my account is growing ,ones I purchased 3mths ago are currently in profit so using a stoploss would have taken them and of course I see nobody speaking about the SWAPS on transactions I utilize the favorable swap so I win double profit and the swap getting ideas from books does not mean they are correct , don't be the brokers friend with stoploss

  9. #29
    Quote Originally Posted by ;
    quote I never use a stp loss and figure what my account is growing ,ones I bought 3mths ago are now in profit so employing a stoploss could have taken them of course I find no one speaking about the SWAPS on trades I use the positive swap, therefore I win double profit and the swap getting thoughts from books does not mean they are correct , don't be the brokers friend using stoploss
    I don't understand why these men arrive at the No SL forums and try to talk me from not using a stop loss ... . Getting old.

    Keep it up, Aussi. (And positive swap is amazing!!) .

    P.S. -- And TradeDream's Trade Explorer does not make it look like he is making effective use of those SL's anyway ... . Even on a demo ... . Lol.

  10. #30
    Quote Originally Posted by ;
    As a reply to post 358, Since the timeframe is very restricted, and the transactions are predied on 1hr trends, I would say SL in the low of the previous hour will make sense. Particularly if the systems isn't paying attention to longer time frame support/resistance levels. As a means to protect yourself if a huge move occurs before the hour ends.
    I am new to this - so I hope someone will answer.


    Say you is trading about 1 hour bars. At the close of the bar Time 0, then you make a choice to trade in the open of the next bar. At the next bar, Time 1, you publish a buy market order. At the next bar, Time 2, you close the place opened at Time 1. Your trading system consistently follows the above scenario.

    From the above instance, how would you open a stop loss? Would the stop loss be started in Time 1, together with the market buy order? Is that possible? Don't you need to wait till the market order is started before placing the stop loss?

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