Trade with or without a stop loss!

I have been trading forex without using stop loss because I am still not good in analysis and strategy. I only count and count in money management and only trade in one or two pairs. I use only the averaging strategy. Is it dangerous or okay?

Trading with out stop loss is okay as long you knew when to cut loss your negative floating position. But it's better to set your stop loss right away because there might be a big chance during news releases that volatile movements may happen and it goes opposite your trades....then you will be safe. I don't trust myself with cut loss anymore because I am tempted not to cut loss my negative floating position right away while it is still manageable...lol

and if we're going to cut losses at the time that there is news that will release it's very dangerous because the bias is difficult to do because reqoute
that's true, that is why when the news is release i put pending orders to setup for the support or resistance depending on how the market is moving in the long term.

Nikitabelle do you think we set stop loss because we want our account to actually stop our loss but to protect against extremely volatile market
for big news i think better using stop loss, because we really don't know where the market will go. so put stop loss is help us to prevent MC.

It is very important to do risk management and money management in Forex trade so it becomes all the more important to do all your trades with Stop Loss as it not only minimizes losses but also leads to more profits.

yes, it would be better if we always use a stop loss in every trade we, because stop loss can limit loss in our trade, so as we will not experience a margin call in our trade.

No my friend, you would still need a stop loss for you do not know the indices that could affect the currency pair you are trading and how soon it could recover if it ever will. Remember, we are dealing with world economies.

That's good, much trader didn't use SL in their trading, because without SL was very risky, and how much about ratio of SL and TP was depend to every trader self
I try Trading without stop Loss and I reach to margin call 3 times

while you may have a high degree of certainty that the market will move in a given direction, such as dates FData turn have shown since 1996, nothing is 100% guaranteed trade. so i think SL is very important

its true friend.. in the past I also didnt use SL, no benefit from it..
but now, I realized that Sl is very important, it keep our account from MC..
so, dont forget to put SL in each your order,.

indrayan, It happened to most newbies when they start their first trading. This is because we hate losses and we want our floating loss to return to profits at the end. This is a very bad idea for forex trading.

It's not only for newbie too. Sometime a few of old trader didn't use stoploss too. Maybe because they are confident with their prediction. And of course without stop loo some of them get profit and the rest got margin call,

I think stop losses are a must for any trader who is not hedging. It protects your account from getting blown and getting a margin call. If newbies plan on surviving more than a few days, they should set stop losses all the time.

I think 9o% of my trades before I don't use stop loss. It is okay though because most of my position I make sure it goes with the trend. What is my mistake is that I failed to put SL to my trades that makes my account busted. My mistakes are few in between but they are fatal and they could wipe away everything I work so hard for....in short don't forget to put SL unless of course you know 100% sure where is the market heading.

seem I have similar dilemma, when I open my position with stop loss in there the market hit my stop loss and directly reverse to the correct way of my position. on the other day I open position but not put my stop loss, market really move far away in different direction of my open position and not yet back . so there is dilemma for me to put or not put the stop loss.