When forex tradeing why cant I trade both sides and use a stop loss?
garryh41 asked:
When forex tradeing why cant I trade both sides and use a stop loss? It seems like it would work if the market moved enough.
I know that I have the cost of the spread, but it seems like this would work, why doesnt it, if the trailing stop loss is active. Both going short and long.
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When forex tradeing why cant I trade both sides and use a stop loss? It seems like it would work if the market moved enough.
I know that I have the cost of the spread, but it seems like this would work, why doesnt it, if the trailing stop loss is active. Both going short and long.
April 22nd, 2009 at 12:56 am
Do you mean by trading ‘both sides’ that you would be long the Eur/Usd and short the Eur/Usd at the same time? If so you wouldn’t be making or losing any money (except for the spread in opening and terminating the trades).
Is that what you mean???
April 25th, 2009 at 3:43 am
I think he means buying of one currency on one side and selling off on other side. Isnt it??
My friend this will offset your buying and selling with the same lot size and same time frame.
Regards