I disagree. It depends on how much leverage you are using. If you are swing trading more concentrated positions, you are asking for trouble by not using a stop.

Trading without stop loss

In MT4, I went to file,open data folder, mql4, scripts, and put it in that folder, so I guess so. I put it in libraries instead now, but now I don't see it in navigator. How do I access it?

IBFX MT4 Tools- Undock MT4 Charts

Unfortunately, it doesn't work. I installed and dragged onto the chart and it did nothing

IBFX MT4 Tools- Undock MT4 Charts

Maybe if I was millionaire trader...

Anybody trade with 10+ lots?

url is dedicated to stocks. Not exactly like babypips, but I found it useful.

Baby pips style academy for other financial markets?

I post mine here: url

Post Your Swing Trades Here

Do I need winrar to open this?

IBFX MT4 Tools- Undock MT4 Charts

None of these undock files are working for me. I am using Oanda MT4 and they do nothing. Is there an updated version or better solution?

IBFX MT4 Tools- Undock MT4 Charts

I agree with this. Like you said, in the stock market and other markets, stocks are not typically purchased in the normal course of business as a hedge. They are generally purchased for investment and speculation. The FX market is so much larger ...

Why are currencies more random than other instruments?

Another very insightful post Copernicus. It was a pleasure hearing your thoughts. I may take a look at the "Complete Guide to the Futures Market" and see how that one pans out. Thanks!

Market Wizards by Jack Schwager

This thread seems like it is likely going to be moved to the rookie talk section. Anyway, well put. I too do not recommend applying an arbitrary # fixed pips for anything. Every trade will be different and your stops should based on volatility or ...

Ideal SL and TP for Swing Traders?

Let me throw in my 2 cents. I don't think they are more random, but I do think they trade less orderly than equities do. I've traded both and I can say that currencies spike around a lot more than stocks do. In other words they play more games ...

Why are currencies more random than other instruments?

If you call TOS they can activate real time data for you on demo. You may have to have an account with them though. I am not sure. I hate MT4's charts.

Forex charting alternatives

There's no good way to answer that question as it depends entirely on the performance of the person trading the account as well as how often they trade. Too many variables. Generally, I would say that's more than enough for a trader any style to ...

What can you make with 40k account?

Interesting thread. I always thought the stock market trends stronger and longer than the FX market, so I think it depends on the instrument that you are trading too.

The trend is not your friend...

Here's my take on drawdown. It destroys a lot of traders' confidence in their strategy for one thing. It happens in every strategy, but particularly heavily so in trend strategies, strategies that use excessive leverage, and many day trading ...

Drawdown: how does it affect your trading and account

This is interesting. Impressive numbers. I don't have any raw data, so I can't argue with your findings. My observation has just been personal in regards to trading trends, since I don't actually trade the turtle strategy nor have I tested it. In my ...

Is anyone trading by the legendary turtle strategy?

I read an article once that explained that trend following strategies don't work as well in Forex as in other markets, and I find this to be true. Forex trends are not sustained as long as stock trends, which is a fact. This probably due to the fact ...

Is anyone trading by the legendary turtle strategy?