Forex trading offers high leverage by which a trader can oversee greater trade with little capital. If you are a position trader it is more clever to utilize low leverage like 50:1 or 100:1. Without a doubt leverage winds up being more perilous when we utilize huge lot in connection to the capital.
I think not using stop loss is a foolishness because it takes away more dollars from a trader and I experienced it several times in my trading journey.