Originally Posted by
koreanfx
Using low risk is essential for Forex trading, but not using stop loss can not be the best strategy.Because a trader is bound to make huge loss if he does not use stop loss.I have lost more than $300 due to not using stop loss.So according to my opinion, using low lot, opening small trade and using take profit and stop loss is the best strategy. If you are trading in the Foreign Exchange Markets (Forex or FX) I have news for you, there is always one winner and one loser in each trade. In other words, there is one investor that makes money and one investor that loses money.