I have never come across a successful directional or short term trader, who traded without any stops.
People trade stocks, precious metals, commodities and Forex because they believe trading is a holy grail and can make their dreams come true.
Last week Oil has continued a correction which can unexpectedly end with, for example, negative data from China.
Risk and leverage are two scary terms but they go hand in hand when it comes to trading, especially in highly leveraged markets like FX and CFD’s.
