Traders with millions in their accounts can trade the market on the smallest level with no stop loss. This means they can hold on to their trade regardless of which way the market swings.
This isn’t how a typical trader attacks the market. So why would you want a system that isn’t tailored to ﬁt realistic trading parameters? With these systems that don’t use a stop loss, one bad trade can outweigh more than the 100 good ones and wipe out an entire account.
The typical trader would have a stop loss set and an exit strategy in place. Make sure these are part of your trading system. Plus, look for a community that will help you properly implement this vital method!
Saying all this, it should be noted that there’s no such thing as a perfect trading system. It is impossible to trade without taking at least a few losses here and there. These inevitable losses are okay! However, a well-rounded system and community are essential for avoiding those losses.
If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade. With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful. Check out the Forex Smart Trade webinar. It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are. Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.