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Here is a prime example of why forex is so high risk, and why low risk levels, and scaling into trades is so often such a nice idea.  I made this trade on a high risk demo account I created.  It was a EurUsd sell.  The other day, I made a big EurUsd sell on it.  It is counter trend and range so, I was trading it on this account.  The chart below shows the M15 tf.  Look at that massive spike to the up side that took out my stop loss.  I could have had my stop loss above that area, but didn't on this trade.  This kind of spike does not by any means happen all the time, but it certainly does happen.  If I had low risk, and scaled into the trade, I could have taken the very small loss, and made another trade if I wanted, and continued on in the trade if I still believed it was a good trade.  Instead, I took this high risk demo account from an 8 percent gain to down around less than a 1 percent gain all in one big spike up to my stop loss.  That would have felt devastating if it were my real money.  Anyway, I think it is nice illustration of why taking high risk in an ultra high risk market arena usually ends up in an explosion that has destroyed many people's accounts.  This might also tempt people to trade without a stop loss to avoid this kind of thing.  Then, inevitably, one day, they will end up not monitoring their trade well enough, and the market will reverse and wipe them out on what would have been a valid stop loss hit.  Also, note that this is probably more common in a range and makes sense to exist there.  The whole forex market can be viscious if you are overexposed.  But, the range is an area where the bulls and bears are fighting for control.  Fights can get ugly and violent.  Get in the middle of a couple of fighting bears and bulls and you might sustain some injuries.  You might even get yourself killed.