The so called "No Stop" Forex Grid Trading System is a joke. Don’t use it. It will blow your account over time. For sure! The first big trend you encounter and you will lose all your money (or until you get a margin call). You may make some profit initially, in fact if markets are favorable you can make a substantial profit and this can continue for quite some time. But then, eventually, a strong trend will occur and it will wipe out your account.
Why? Because you don't have anything to protect your account, you don't have any risk management, you don't even have a Stop Loss. In fact do NOT use any trading system that does not have a Stop Loss. Do NOT ever trade without at least some type of Stop Loss.
This is an extremely important topic and I’ll continue with more details on it in my next post. For now I just would like to state one more time – do not use the so called "No Stop" Forex Grid Trading System, it is a waste of time...
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