This article may annoy many and possibly most fx traders and couldn’t care less. I don’t even care if any of you read this article .

And it is secondary to me that most forex traders are stupid or at best, ill-informed. It’s none of my concern that I make serious money every day and without fail and most gullible traders lose and go broke.

The simple fact is that most 4x traders are zombies who blindly drift along a confused path of marketing hype and most gurus are only of a self-professed “expert status” and who are only trying to sell the great unwashed something under mask of “guru”.

I on the other-hand reliably and typically make a sustainable $30,000 clear net profit most trading days and I haven’t any interest in selling you anything. There’s not a thing you can buy from this website.

With the advent of computer-based Platforms Trading, the telephone-voice and often criminal broker removed from dealing-desk market scams that dealing-desk forex trading was once rife with – we retail traders possibly more than an honest hope to profit with forex. The Platforms Trading mechanism is more fair. Though there are still 4x brokerage houses that manipulate trades via platforms trading – mostly it is merely idiot trading that gives rise to losses.

Anyway, with all that said, let us now address the most confronting idea out there to be considered so you can all heave your guts up, and get bitter and twisted that I must be a complete lunatic. Here it is now said;

“Stop Loss orders do NOT Stop Losses – they make them real”.

I state it is unprofitable to close fx trades that are showing a loss when with ninety five percent these trades can be exited from with profits at a later time.

Let me be extremely clear about this – any 4x trading position that under-water now will almost certainly be in profit at some future time because of constantly changing market herd mentality, news announcement, Fibonacci retracement or whatever – and most of the time a negative price action today is tremendous tomorrow.

And because what I am arguing here about future price is very true, exiting a bad 4x trade ever is STUPID!

The proper course of action to take with a losing forex trade is hedge that trade by opening an opposing trade. The hedge trade immediately neutralises any and risk to your bottomline and gives you time to then consider what you will do next.

Frequently when prices continue to go south on the first position – I then hedge the thing again and it is common that I will hedge a bad trade 5-10 times!

Eg, say I sell a lot and it goes bad which I immediately hedge – and I usually hedge it at around the same price most idiot traders would have exited it with a stop loss trigger. As the price action is now going crazy in favor of my hedge, every solid chance I get I will open further hedges. By this method my bottomline equity is well in front of where I was with just the one hedge, and certainly miles in front of the sheep who would have used a Stop Loss order.

When last year the USA’s NFA tried to inflict its will on the retail 4x trader banning its member brokers from allowing hedging. What a fool the NFA made itself out to be – given that every trader with a brain simply migrated their accounts and cash out of the United States. The effect the NFA had was to weaken the USA as a financial center; the NFA confirmed London as the heart and soul of most fx currency trading.

Even those forex brokers with USA operations simply moved those client accounts who demanded hedge capabilities to their overseas offices – end of story. Smart money demands hedge capacity. Stupid money uses Stop Loss trigger.

Philson Beckett is a professional forex trader, not an Internet Marketer. He is opinionated and known to contradict mainstream thinking with his forex trading style. Bringing in $7,000,000-$8,000,000 net profit per year from his well equipped home-office, he usually ignores 4x meeting places and debates. He does however share some of his insights about Platforms Trading from time to time and further Trading Platforms discussions which have zero loss concepts.