5. Protective stops are extremely important during huge rallies
Simply because too many traders react on those "rally events", one can face a situation when it becomes impossible to access a trading platform in order to close the order or at least place a protective stop. When there is a serious shake up in the market (due to news announcements, economical, political and other events), trading servers can be quickly overloaded and can cause trading delays or not respond at all. In such cases Forex traders become helpless while overloaded and can cause trading delays or not respond at all. In such cases Forex traders become helpless while money is draining out of their accounts. The only option here would be to call your Forex broker and make voice orders. Again, there will be no guarantee that brokers aren't overloaded with calls at this moment as well, and so trader should wait... dreaming how simple things could be if a stop loss was there.
Wish you to make wise decisions and never experience such troubles!
Profitable trades!
FX Leader
Simply because too many traders react on those "rally events", one can face a situation when it becomes impossible to access a trading platform in order to close the order or at least place a protective stop. When there is a serious shake up in the market (due to news announcements, economical, political and other events), trading servers can be quickly overloaded and can cause trading delays or not respond at all. In such cases Forex traders become helpless while overloaded and can cause trading delays or not respond at all. In such cases Forex traders become helpless while money is draining out of their accounts. The only option here would be to call your Forex broker and make voice orders. Again, there will be no guarantee that brokers aren't overloaded with calls at this moment as well, and so trader should wait... dreaming how simple things could be if a stop loss was there.
Wish you to make wise decisions and never experience such troubles!
Profitable trades!
FX Leader
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