Disliked{quote} Agreed, but I just dont like 100 pip sudden spikes lol.Ignored
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Disliked{quote} Agreed, but I just dont like 100 pip sudden spikes lol.Ignored
Dislikedhi guys, I've heard that pro fx traders who do not use stop losses and this had contributed much controvesy. Anyone who approve or disapprove please commentIgnored
My take on this;
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DislikedI am really amazed how such a simple thing turned into this huge discussionIgnored
DislikedOk vohunter, Could you please share what could be higher priority than protecting your account from potential total whipeoutIgnored
Dislikedhi guys, I've heard that pro fx traders who do not use stop losses and this had contributed much controvesy. Anyone who approve or disapprove please commentIgnored
Disliked{quote} A trader, especially a newbie like most of us here, should always use a stoploss. Pro traders have had years of experience in the game and can actually gauge how much a market will move, plus they may have huge accounts which go into drawdown and dont mind that. I personally would always use a stoploss no matter what.Ignored
DislikedStops loss can save you from dangerous unexpected events like the Swiss bank saga of January 15 2015 that took out many traders and brokers.Ignored
Disliked{quote} Yes, this is why most retail traders should use a stop loss. That CHF saga is still fresh in the memory of the markets. a sudden fall of over 1000+ pips in one day! This event was a lesson to me to always, always use a stop loss. We never know what will happen in the markets from day to day, month to month etc. It was for this reason i am weary of trading the CHF for the forseeable future. The central bank has too much power.Ignored
Disliked{quote} Yes, this is why most retail traders should use a stop loss. That CHF saga is still fresh in the memory of the markets. a sudden fall of over 1000+ pips in one day! This event was a lesson to me to always, always use a stop loss. We never know what will happen in the markets from day to day, month to month etc. It was for this reason i am weary of trading the CHF for the forseeable future. The central bank has too much power.Ignored
Disliked{quote} UTTER UTTER RUBBISH You think a 20 pip / 50 pip / 100 pip / 150 pip stop loss on EURCHF would have saved your account when the SNB removed the peg? Go ask the 60+ traders who suffered MASSIVE LOSSES with Alpari UK and have had to set up repayment plans to the Administrators to pay back their huge loses because their stop loss was worthless. Go ask the hundreds of traders who were using stop losses on any JPY pairs when Fukushima nuclear accident happened. Go ask the thousands of traders who were using stop losses on the Dow Jones when some...Ignored
Disliked{quote} "i am weary of trading the CHF for the forseeable future" Then you don't know what you are talking about. Do you know WHY the CHF dropped like a stone and why it won't happen again?Ignored