Forex Stop Loss | Forex Trading Tips
Free Forex Trading Tips: www.forexstrategysecrets.com Forex Tip: do not set your stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. Set your stops where the Forex market tells you to set them. This forex tip has helped me improve my trading tremendously. There is…
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Is 25 pips what you generally shoot for?
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TSS
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In my experience, those guys can turn a short market or long market around and take all stops out no matter where they are, I guess I’m not out of the cold any time soon with money or a career here, but helpful video
WOW,that is amazing trick to stop loss
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nice tutorial, always put stop loss to secure your capital
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hi,
could you tell me what is the best timeframe to use for this method?
Thank you.
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Thanks all information is appreciated, there is so much to learn to become a successful forex trader.
The Stopploss would be ok, if you are in a Trend and have a much highter target. On a short Timeframe on Intraday Trading it is just plain stupid, he looses way to much pips, compared to what he makes. Its nice to see which profit would have been possible, but in live trading he would rarely make all those pips. BTW if price goes against you these stops gets taken out on intraday trading just before they turn around.
Yeah, it’s pretty simple to figure out where you should place the stop loss, the hard part was to learn that you ALWAYS need to use stop loss
If you are buying place the stop loss just under the last low. Or if you are buying a 38.2% fib retracement, put the stop loss just below 50% retracement in case the pair decides the deeper pullback. Also I put stop loss quite far from the actual line, at least 10 pips or so.
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Excellent video! Helped me solve my stop-loss problem! Thanks!