How To Calculate Your Own Take Profit, Stop Loss, And Lot Size | Forex Trader Tips
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- Опубліковано 26 чер 2024
- Learn how to calculate your own lot size based on the take profit and stop loss you set per your trading technique. In this video, i am going to teach you the steps to do just that.
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// SHAQUAN
Hey I'm Shaquan and I'm a fulltime stay at home mom/wife, forex trader, stock investor, and forex educator. I teach forex traders how to simple their trading knowledge they've learned along their trading journey and help them turn it into profits.This channel shows you a combination of what I do as an investor and family woman, hoping to inspire to become great on your journey.
*Some links are affiliate. By clicking and/or purchasing, I get a small commission.
Thank you for a thoroughly explained video. From my experience in investing, having made more than 6 figures net profit over the past few of years, I'd say having an expert handle your financial investments is the best way to earn passively and can also go a long way in helping you gain confidence to trade yourself. Not everyone is built for the ups and downs themselves, especially when starting out newly.
You are entirely correct. For the majority of people getting started, trading CAN be frustrating. There's more than one good way to approach it.
I've just turned 23 and I'm new to investing, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
@@non_conformist_ i agree with you, especially on that last part.
@@albert-sinclair.m Although I have a full grasp of just how and when to trade, I still leave the major pool of my investments in the hands Callum Garfield. I rely on his years of successful trading to keep me earning passively. I'm sure he can get you started as well. He does charge for his services, it'll help to have that in mind.
Well said!
Finally, I have learned something.
I have been trying to understand this S**T for over a year now and you are the only one that made any sense. Simple and to the point. Thank you ma'am!🤗
you're very welcome
I needed this. Thank you
clearly explained!!
Thank you so much!!! You broke it down so well and so simple.🌹🌹🌹🔥🔥🔥
3+ weeks of searching how to use take profit stop loss, countless videos watched, hours and hours of my time, I finally found a video with an explanation of how it actually works and not "Where to put your TP SL" THANK YOU!!! That was a great video!!!!!!!!!!
i have taken a lot of classes and you explained it so well i subscribed to your channel THANK YOU!
You explained that so well....thank you very much!
You're very welcome!
Thank you !! Great job, clear and easy to understand . I wish everyone success
You're very welcome and thank you! I wish you success as well.
Thank you, so clear. Cheers Shaquan!
Thank you! I now understand everything clearly.
This is the only video that I've seen that has been able to show me how to do this easily...well done and thank you so much...I've subscribed.🙂
Aww you're welcome and thank you for subscribing
You're a great teacher. Thank you!
Aww thank you
I have searhed for this educational video ever and i have found it here thanks
Thank you. You’ve helped me so much and explained it so well. I bought a course that taught me proper risk management but didn’t teach me how to calculate risk vs reward ratio on the charts thank you so much for this.
Glad it helped!
instablaster.
Great job explaining this. Exactly what I needed
Great explaining girl. U made it clear and just earned yourself a sub.
So glad you're a new sub. Welcome to SLFX Trading
This was a great break down thanks
Great Video! Explained to the Detail. Thank you!
You're very welcome!
Thank you so much...........finally I'm able to understand very clearly
finally i found a video where its explained very well, thankyou i appreciate it
You're welcome
Thank you so much you're a good teacher
Great explanation! Thank you.
You're welcome
Thankyou great help :)
Glad it helped!
Kia ora from New Zealand thank you, you have got that gift of teaching clear and concise.
again a big thanks
You're very welcome
Thank you for the help
Thank you very very much. I was having alot of difficulty understanding this concept and you explained so well that I was able to comprehend everything. Thanks again and keep up the good work💯
You’re very
Welcome
Thank you so much!
Thanks for such a great information. Did the calculation take into consideration leverage
Great video keep the good work up
Keep dropping vidz like this
Surely Will
Thank you !!!
Great explanation I Have to subscribe
this is the best video that i have come acroos that explains fully on how to calculate the lot size properly. Thank you for making this video.
Aww you're so welcome
Thank you.. I think I've been looking for this for 8 months.. You are the best of the best.. So how do we calculate our stop loss to know of how much we gng to lose?
@@hloniepollen Hi. That information is in the video.
Thanks once again you are making it so easy to understand whereas it has been explained in a complex way please make another video on how to apply the information on the platform and also on the mobile device when taking trades please you are a Star God bless you ❤
Well explained. Thanks.
You're welcome
Great Video Thanks! Liked Commented Belled and subscribed!
Excellent teacher😊
The most beautiful explanation
Aww thank you
Thannnnnnnk youuuuu ❤️❤️❤️❤️🇩🇿🇩🇿🇩🇿 you help me a lot
Thanks for the explanation, Please ma'am does this also apply to a buy situation you only did the sell situation so I wanna know if its applicable to the buy positions
Thank You.
You're welcome
thankyou soooooooooo much it really helped me from pakistan
Thanks 😊
You're welcome!
Thank you so much for this video! I have a couple questions. Does the width of the short/long position box means anything? What does it mean when you drag the box horizontally to be even wider?
Hi, The width doesn't matter.
Instant subscribe - anyone who warns me to get prepped with drinks and snacks before they start deserves that sub! 😊
lol thank you for the sub. Snacks and drinks are always a must.
Thank you very much Your angel came from me because of you I learned this method thank you Now I will be a millionaire. I'm Filipino but a great coach
You're very welcome
May you can help me more to learn more from you
How can you see how many pips are being hit often?? Thank you
What website can I use to calculate the stop lost to input the value of my stop lost from my chat
subbed ❤🙏🙏🙌
hi is this platform mt4 meta trader or deriv
thank you. Do you calculate this for nas100,us30 or crypto on mt4 ? I'm always confused with stop loss pips. So cannot just take the trade and decide stop loss later because we need to know the pips to calculate position size ? Also we are taking x% risk but we are risking only the stop loss right ?
Hi. I calculate all of my trades using this tool or my spreadsheet. You are risking x% of your balance and the stop loss calculates your lot size.
Great video.... Just have a question you could confirm so I'm understanding this right If I was to place no stop loss and using your example you could have made $2860?
how to combine this with leverage tho?
Why the stop loss is above entry price and take profit is below it. Hows that work.
If I sold at 4.5767 and I want to risk 60 pips, what will my stop loss be?
What if I’m on a 1:500 leverage account vs a 1:100 leverage would anything change?
Yes! There is a difference of 1:400 leverage you've borrowed. Your buying power decreases.
So s.l and t.l is base on a set pip amount you have. For your trading plan . It's base more around piece action or the market structure. And then you calculate how much you should risk base of capital and pip amount to get your lot size.
And yes, my SL and Tp is based on price movement. Then I use a risk percentage to get my lot size.
@@Shaquanlopez awwwww man🌚 I been doing this wrong for months. I think this is why I been losing trades that actual go in my t.p but I get stop out way before it every happens thank you.
@@mellomations449 You're welcome. See, you now know how to correct it. Good trading from here on out are my payers for you.
@@Shaquanlopez yea I am struggling with some other small things but I think I can manage to change these things a well
Will it work with Stocks? Where I don't need to know the lot size? What if I wanted to buy one contract?
Hi! You can use the same tool, but stocks are contracts so you'd need to adjust the terminology and knowledge of how many contracts you'd like to buy or sell. It will still show you how much you'd be risking and profiting.
Sorry if I'm missing something. I think I understood everything you said, but my question is how do you calculate the position size?? If we want to risk 2% of the account, which is £20, but the stop loss is only 0.53% from the entry point, then surely I would need to be entering with a position size of 4x the account, for the 0.5% movement to equate to 2% of the account?
Hi. Don't overthink the percentage. Let's say your account balance is $1000. If you risk 2% you risk $20. No matter what your stop-loss is you cannot lose $20. Your lot size is determined by the stop loss and $20. So let's say your stop-loss is 20 pips. $20/20 pips= $1(0.10) lot size. It's only simple math. I pray this helps.
@@Shaquanlopez Thanks for your help. And whats the difference between the lot size and the position size though?
@@Shaquanlopez so the simple formula is the amount you are risking in currency divided by your stop loss in pips right?
if I adjust my stop loss, I still lose 20$?
How do I access that tool with the stop loss and take profit
It's under your 7th icon on the left hand side of trading view. They are called the long and short position tool.
@@Shaquanlopez thank you
how did you get 143 Take profit. great video but confused
me with your take profit, like the fok did you get that from thx for your service!
The take profit in pips was 143 pips
@@Shaquanlopez Is there a way to see that in pips, or where can I view that?
@@twanabroadway2275 yes the pips are on the tool
who calculates the pips? is the the tradingview app that do the calculation of your TP in pips or what?
SO HOW DOES THE ORDER ACTUALLY TRIGGER/ EXECUTE? THANKS.
Once price touches the rate you entered the broker will automatically trigger you into the trade.
how did you know important zones?
By backtesting my method.
Again... Do you have group where you provide signals? And how much do I need to have to join?
Hello. I do provide signals. I provide my teachings so you can make your own trading decisions with my guidance of course.
You can choose to work with me as a private client or in my private coaching group.
If you’d like to chat with me to see which one will fit you best, feel free to setup a 15 minute zoom call with me: www.slfxtrading.com/bookings-checkout/discovery-call/book
Whenever i put my SL/TP it doesnt open my position, can someone explain me what im doing wrong?
Are you executing a market order?
@@Shaquanlopez i found out later that for that type of tp/sl you need a broker which i dont have. The long short graph
Hi are you stillbl trading if so how. Is it going??
@NAOMIWILSON1 is her user name for help...
what is capital?
Capital is money 💰
SO U DO PRIVATE TRAINING
Hello Javier. Yes I do private trainings. Is that you're preferred method of learning?
What if my lot sizes in meta trader are 1 lot = 100k?
Yes, a standard = 100,000 units
How to become your students ya...iam just know this trading and was lost all saving 2 weeks ago
Hi! To become a student of mine visit www.slfxtrading.com
Godd
But why in metatrader this is not working for example i will risk 30$
My stop loss is:2 pips
Lot size is:15
My loss cross than 30$ for example my loss 45$ why ??
Did you take into account the spread? When you trade larger lot sizes, you are charged a higher amount in the spread.
@@Shaquanlopez 30/2=15
15/30=0.5 lot size
This is correct?
I try it my loss only 30$ this work for me
Is this correct?
@@KKkarzan Here's the formula, you account size * your risk/ stop loss= lot size
Beverages of choice lol...
Don't disrespect the pizza parlor
lol
I thought I was supposed to risk the same amount of pips every trade and gain the same amount of pips every trade. That's wrong
Hi. That is a strategy some use, but no you don't have to.
why are u confusing people the take profit when prices goes up but here why am i seeing but the opposite
It's not confusion when the focus was on past price movement going down. This was not an analysis video. I hope this clears your confusion.
Hello please respond
Hello. I’ve responded ☺️
@@Shaquanlopez okay thank you for that. I don’t know if it’s okay to ask for your email or any way I can contact you regarding trading. I really need a help here because I keep blowing my account even though I fully understand technically analysis, candlesticks charts and patterns, but still I keep losing trades. Just yesterday, I blew my account again. So would you mind helping out?
@@leodis__7630 sure. My email is shaquan@slfxtrading.com
If you emial me tonight I’ll get to you first thing in the morning
@@Shaquanlopez okay it’s still fine. You’ll find my email hey
Great video. I make huge profits on my investment since i started trading with a professional broker Mrs Kathi Morgan, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥
Thank you for the level-headed financial advice. I started my investment with $8,500 in just a week of trading with her I’ve gotten profits of $19,750 in my portfolio. Thank you Ma'am
Wow! Pretty good please how can i reach this Mrs Kathi Morgan everybody is talking about? I want to invest i'm from Canada
Ever since i started trading with Mrs Kathi with the consistent weekly profits i'm getting there's no doubt she's the best. such a genius I have been withdrawing my profits thanks for your great work and God bless you more..from Slovenia
@@johnsonbenson5779 Thank you Sir, i just started my trade with her.
Surprise to see others who trade with Mrs Kathi Morgan, i am currently on my 7th trade with her and my portfolio has grown tremendously.
This is confusing
Which part?
@@Shaquanlopez are u explaining what number to put for sl tp cause that's the only thing I'm stuck on an I'm tryna learn
it is not relevant but your voice just sounds like rihanna :D
Thank you :)
You're welcome