Not just that, but think of all the links that there are between you and the actual order execution
You -- distractions, emergencies Your PC -- hanging, crashes, power cuts, hardware failure Your Internet hardware-- see above ISP -- Random outages, power cuts Broker -- requotes, order rejection (ie. yesterday)
All these things and many more, put a loose SL on any order but know where your intended stop is.
I use a dedicated machine for my forex and a seperate one for everyday use. It is battery backed for 5 hours along with the ADSL modem. Even then I use a SL on all live accounts. Later this year I plan to switch to a hosted dedicated server for £49 a month.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.