This is a controversial topic but what I want to do in this video is present another point of view behind the real value of a stop loss. Although it is conventional wisdom to use stop losses as essentially an exit order, it can add significant disadvantages to your trading. These include smaller winners, larger trading volume and transaction costs and disadvantageous exits. Risk control is critical but every trader should understand the costs and benefits of all the tools available to them not just one suboptimal option.
To see the video, click here: http://www.pfxglobal.com/index.php?o...297&Itemid=117
Article Source:
http://www.forexfactory.com/news.php?do=news&id=57269#post1727335
(Analysis by Profiting With Forex (PFX))
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