To have or not to have a stop? That is what most Forex traders ask. They want to find the best solution to their problem. I do not think there really is such an easy answer to the question. One must base his trading on his philosophy, capital size rules, emotional maturity and a few other important things. I do believe we need to always use stop in placing any trades whether it is Forex, stocks, commodities or other financial markets.
I have recently found an interesting article on the subject and I want you to check it out. Hope it will help you on the question. Here it is: Why don't we keep stops?