Trading The Forex Withtout Using Stop Loss? -

How can I trade the forex market withtout using the stop loss order? Will it damaged my account if I don t use this tool? You definitely CAN, but the question is whether you SHOULD trade forex without a stop loss. Stop loss is a mechanism to protect yourself. If you don t use stop loss, make sure you stay at your computer whenever you have open trades or else you might come back the next day to see that there was a margin call! Stop loss is recommended, but there is no one to stop you from not using it. It will probably damage your account. Well I too face this problem when I am starting forex trading. So I will like to recommend one blog that will explain step by step how you can get yourself going. To answer your question you can never trade the forex market wihtout using stop loss order,and if you don t use it you will come out with your finger burn seriously. But go to http://quickforexpips.blogspot.com/.You will be gald you did. It won t damage your account, but it might damage your wallet! Be careful and make sure you want to take the risk. At the site you trade on I would suggest going to the help or contact section because different places have different ways of doing things. Stop loss of some sort is always necessary if you are trading regularly. If you want to hit big and take a gamble then it s fine without stop loss. You could lose allot of money if you don t use a stop loss.If you at your computer then I suppose it would be ok.IMO its very dangerous to trade without a stop loss.