Real Fx traders do not use stoploss - Page 7
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Thread: Real Fx traders do not use stoploss

  1. #61
    Quote Originally Posted by ;
    To succeed in trading, you have to learn risk management. Stop/loss allows you to be a controlled trader, a smart one too. Ignore the controversy happening, as my fav quote states 'Amateurs want to be correct, professionals wish to create cash'
    Excellent stated Farah! The most important thing in trading, in my opinion, besides entry and exit, is to control your emotions and NEVER transfer your SL. If the trade goes your way fine , if not there will be others.

    The markets are there day and night. Trades will come. You just need not to lose your account from a few transactions and earn money!

  2. #62
    In stock market it is possible to dont utilize SL and TP since the market open from 0800 to 1400 (in Dubai)
    but in Forex Market it is open from Sunday to Friday

    you cant know what's going to happen in between
    I believe only position trader can trade with no SL and TP

    SL signifies that following this price you think there's no way that the price will go on your direction again ... so way stay in trade ?

    And TP same that the the price cant go any more or it is enough prift and you like to venture out

    too in the event that you feel that such as us we open 10 to 20 rankings on some time so how do you believe that will remember what exactly was your egy this position

    the very best way in my opinion TP and SL

    example yesterday I open positions @ 1800 in Dubai time and I place a TP and SL since I have to go to the job 8 hours I have to sleep when I come back for 8 hours so what can happen in Foreign Exchange in 16 home ?? The purchase price can go 200pip on any way

    I believe you get the point

  3. #63
    Quote Originally Posted by ;
    quote Excellent Stated Farah! The main thing in trading, in my opinion, besides exit and entry, is to control your emotions and NEVER transfer your SL. If the trade goes your way fine , if not there'll be others. The markets are there day and night. Trades will come. You just need not to lose your account from some trades and make money!
    Thanks! Glad you agree! Yes there'll always be other people

  4. #64
    Quote Originally Posted by ;
    in stock market you can dont use SL and TP because the market open from 0800 to 1400 ( in Dubai ) but in Forex Market it's open from Sunday to Friday you cant know what will happen in between I believe only place trader can trade with no SL and TP SL signifies that following that price you think there isn't any way the price will go on your own direction ... so way stay in trade ? And TP same the price cant move any more or it's enough prift and you like to head out too in the event that you think that like us we open 10 to 20 rankings on a time so just how do you think...
    I get the point ! I was speaking to SL/TP in Forex positions anyhow - maybe not the stock market. . Thus you are right in there! Fantastic luck with your trade, hope you profited!

  5. #65
    Entrance, for me personally, isn't an issue exits are. When beginning leaves currently requiring refining where as entrances were the biggest issue. I would like to share my ideas, I am ventilation perhaps but additionally may help others. (Been a long time since a post have forgotten my old user name email was linked to - so here I'm again).

    I trade daily bars, therefore a position can possibly be available for a few weeks. Much can occur with price at that moment. I pay no attention to fundamentals only specialized (you might agree or not, this is purely a personal preference another topic).

    I have been using an ATR as SL moving according to ATR each opening of the daily bar. The problem with this is that should a spike occur then price pull back my SL is removed, only to see the price continue from the direction my system informed me of, as detected this morning about the Aussie crosses. While I have profited recently, overall this just appears to keep a degree account balance as it gains then retreats, or retreats then gains. I've learnt to not get emotional about trading over the years instead I focus on doing what my signs let me do, the reason I have been reading this issue is to refine my own exits. It is funny kind of hard to explain but I believe what price will do when in a position I see SL has taken me out I can't think of a reason to follow price with a SL.

    After reading remarks over the last week on various forums, I finish my exit egy should be to put an initial SL according to ATR to guard the account then depart according to a MSL (mental stop loss).

    I will return in a few months with outcomes, good or bad.

    Here's to profitable trading .

  6. #66
    Quote Originally Posted by ;
    Hello Friends, It is possible to not use a stop loss and keep secure in your account. Forex is a company rather than a rich-on-demo escapist egy , neither is it a programme made to place anyones life into fruion. In case you've been trying to trade without a stoploss and neglecting ,maybe,you have not been doing it professionally. If you're utilizing stoploss ,it can even be a way to obtain more losses,you enter into a trade ,it hits your stoploss and reduces your equity ,you enter again it hits your stop loss ,which makes it look as if your acct is growing and reducing...
    Great comment, I gree with you and I'ts been a part of my learning procedure. In a market with too much volatility, patiente is your best resource.
    Due to discuss.

  7. #67
    I really don't know if pro traders use o don't use sl but I know that if you're not experienced enough will blow your account in just a bunch of trades, and I am saying 'cause I thought that I could have exchanged with no sl but I was wrong and I paid that anyhow this is my view but since I said I believe non-experienced traders should use sl.

  8. #68
    My buddy is an institutional trader. He deals for a bank in my country. He oversees a total quantity of money estimated 5.000.000 USD. He uses reuters platform to enter the transactions and also researches the market. He doesn't rely on MT4.

    He deals at home as well. His trading account initial balance is 250.000 USD. The rest of his investment source is in inventory, hedge funds, and property.

    He explained that the most important principle to achieve success in fx market is placing stop reduction and cash management. The banks always prepare the maximum reduction due to their traders so the banks set the stop loss not only their traders.

  9. #69
    My (guide) trading system is base on no stop drop egy. I am combining the Elliott Wave theory Money Management.
    The basic theory is : my [all] trading places in accumulation will be closed in profit.

  10. #70
    Quote Originally Posted by ;
    My (guide) trading platform is foundation on no stop eliminate egy. I'm combining the Elliott Wave theory Money Management. The fundamental concept is : my [all] trading positions in buildup is going to be shut in profit.
    Nothing called 100% winning position it you open a position in 1980s on (eurjpy) a buy on price 363.35 till today the price not bounce back to same number and it's (25 years)

    you must understand that something cant go back like it was ... 1AED (emirates derham ) = 0.5 (irani toman ) in 1985 and today it's (1AED=900 toman)

    simply cant get the egy it'll work in this cases

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