if you like yourselves guys,this Ganesh is a scammer,he does not trade his own strategy,he would contact account managers and then use their strategies to fool clients. He doesnt even know the fundamentals of Forex trading. Please never give him your account to manage. He doesnt even know the essence of stop loss...
people with real money don't want 30% per month. They want less than 5% per month at most because whatever you can earn in a month you can also loose and more because you pay spread and or commissions on top.
dchamp75 posted: if you like yourselves guys,this Ganesh is a scammer,he does not trade his own strategy,he would contact account managers and then use their strategies to fool clients. He doesnt even know the fundamentals of Forex trading. Please never give him your account to manage. He doesnt even know the essence of stop loss...
I do not think Ganesh is a Scammer, That is not good thing to say, I believe he is just another trader with an idea. I also avoid SL to be set in public, Many brokers do strange things with SL. So it is better to do it manually, When high volatility SL are often hit avoiding greater Profit. So it is better to manually close Trades in some cases. The essence of SL is what it is. But TP and SL are somehow things to avoid sometimes, It is better to watch the prices move and decide when to come out of an operation, This will improve profits significantly. Specially when trading News. But in normal trading conditions TP and SL are very necessary,
in my opinion trading without SL is the warranty to go bankrupt in the long run. Its like to trade with a negative expectansy, because the risk is unlimited versus a small win.
The only way i can imagine trading without SL is when you are comfortable to take at every time a 300-500 pip loss.(up to 2000pips at blackswan days) So speaking you must trade with no or extreme small leverage. And this mean its only practical for longterm traders (weekly trades (350-650pips) to monthly trades(1000-6000pips) TP). For Daytraders (~40-80 pips) and Scalpers(5-20pips) trading without SL is like russian roulette ;-).
i never heard from a pro trader that he does not use stops.
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