How to Place a STOP LOSS and TAKE PROFIT when Trading Forex!
Вставка
- Опубліковано 14 лис 2018
- Entering the trade in the forex market is as simple as clicking the "buy" or "sell" button. Finding a way to exit the forex trade, whether it goes in your favour and you want to exit in profit or the market turns against you and you need to get out before the damage on your account becomes substantial - this video is for you! Let's dive in and look at the best way to exit the markets!
💸 Become Financially Free By Learning How To Trade here: 👉 to.howtotrade.com/x9q
RECOMMENDED BROKERS:
🏅Switch Markets - to.howtotrade.com/ixx
🏅Oanda (US & Canada) - to.howtotrade.com/lx6
The best VPS for algo traders:
📀 The Best VPS for EA Traders - to.forexvps.net/yt-home
OUR SOCIALS:
📸 Instagram - / howtotradecom
📘 Facebook - / howtotradecom
♪ TikTok - / howtotradecom
↗️ Telegram - t.me/forexsignalscom
🐦 Twitter - / howtotradecom
🟦 Linkedin - / howtotradecom
1,800+ REVIEWS ⭐⭐⭐⭐⭐
💚 Trustpilot - www.trustpilot.com/review/for...
AFFILIATE PROGRAM
💰Earn money with our leading affiliate program: howtotrade.com/affiliate-prog...
FREE TRADING EDUCATION:
📩 Free Weekly Forex Forecast - to.howtotrade.com/ica
📩 Free custom trading tools for all types of traders - to.howtotrade.com/4jv
📩 Join our free monthly NFP special live event - to.howtotrade.com/e8l
📩 Free library of trading Cheat Sheets - to.howtotrade.com/fix
👩🏫 Learn more about Chart Patterns - to.howtotrade.com/mbs
👩🏫 Learn How To Trade with 100% Free Courses - to.howtotrade.com/atn
👩🏫 Learn more about trading Forex Strategies - to.howtotrade.com/0cq
* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
** Our team of coaches will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not HowToTrade and should be ignored.
*** This video and the video description may contain affiliate links, meaning HowToTrade.com will get a commission if you decide to make a purchase or trade through our links, at no cost to you.
topic starts at 5:00
ralph lawrence deloria you’re a gem 💎
Thank u
Thank you❤
come thru bruh
thank you!
So clear and simple! I'm no expert but I've never had it explained this clearly! Thank you very much!
Great job yet again, very helpful & informative especially to those starting out, excellent work Andrew & Forex Signals is definately the place to be.
Excellent tip to traders - comparison in time frames.
Those who follow this rule strictly are less likely to fail.
Great sharing Andrew. Good that you explained on SL and TP. Missed out on how you determine your Major support and Resistance in this video however it was an excellent point you mentioned. Thanks
Thanks Andrew simple strategies get complex when people add too money rules nice to see yours break down so nice an easy
Enjoyed your clear explanation on this topic. Thank you
Thank you very much for sharing your knowledge with the community.
I signed up to forex signals, in the first week of July 2020 and completed Andrew's 5 modules within 2 weeks; the first 3 (as well as all) give a methodical concientious approach to trading for beginners and the clarity is exceptional. I was ungraded in maths at school, and it is daunting when you choose to work in a business that is based on maths; I am proof that if I can do it, anyone can do it. The crux of trading when learning at forex siganals is setting your stop loss and take profit targets but working those in conjunction with your support and resistance lines which aid your trades. The crux is where I am at right now, and for me watching this video (in my opinion) is the most significant video to my success as a forex trader.
Very educational! Thanks.
Pearls of wisdom. Thanks.
Great video, found it very informative
Love this kind of videos with simple explanations. Very self-explanatory
Took a big loss earlier, wish i saw this before my trade, it would have saved me a lot
I think speculation is the reason why traders lose money
Well, I do agree on that notion. Forex trading is a long learning process for every trader especially newbies
I believe it's the reason they are called newbies
Artur Vladislav is really the best mentor I have ever seen so far. A time I wanted to quit forex trading because I couldn't make profits. It used to be losses upon losses until I came across Artur Vladislav and for the first time in my life as a forex trader, I made profits. Just couldn't stop being happy about it
Great information, thank you brother.
Thanks Andrew for been there with such great videos as I had a lot profits wins now since I,ve been going.
Thank you very much for this video.
In this example you have used an enormous stop loss (70 pips)for an hourly chart trade, especially when hourly ATR is 12 pips. This is because you based the stop loss on the bigger time frames. I prefer your stop loss setting method that you demonstrated on another video when using the 8/13/21 moving avg.strategy. In that case you put the stop loss behind the candle that reasserts the trend continuation after a pullback. That stop loss is more aligned with the trading time frame.
Thank you Bro.... Your opinion is always awesome...
this video has been helpful because have lost a lot due to lack of not setting my SL & TP.
I feel that you are a good man and a good teacher 👍 respect for you i understand a lot 🙏 from you thanks from heart 💓 to ❤️
Again Best video ever! Bravo!!!
I am new in forex trading how can I be helped to trade on my own, I already have an account, whoever is interested inbox
Stop-loss orders are a critical money management tool for traders, but they do not provide an absolute guarantee against loss.
Traders sometimes use trailing stops to automatically advance their stop-loss order to a higher level as the market price rises. Trailing stops are easily set up on most trading platforms. The trader simply specifies the number of pips, or dollars, that he or she wishes the stop order to trail behind the market high. This is one of the reason beginners should be highly guided by expert traders.
An even larger risk for beginners is over-diversifying by trading too many position at one time. By doing this, you leave yourself open to market risk, making it much harder to spot which positions and trades work.
This is the reason every beginners should get a good forex mentor. I know so many people don't know about Dennis Lugard, he's the kind of mentor everyone will wish to have.
@@kamalahmed6791 Beginners are mostly affected because most of them venture into forex trading without adequate knowledge of how the system operate. I used to have the same believe about forex trade but after enough mentorship, my behavioural attitudes towards forex market changed. If i can be successful in forex trading, you don't have any excuss not to succeed.
Get a mentor today, be successful tomorrow.
Trading too much of your capital is another easy mistake for people to make. By risking large amounts of capital, you are likely to lose out in the long run because you exposed yourself greatly to market risk.
Dennis Lugard works perfectly, i was actually lucky to be mentored by him and he is what beginners to have.
Forex trading is not an easy task, to succeed let the person be guided and guarded.
You are simply the best!
On my demo account on forex, it has an associated stop/limit. How come when it hits those markers it doesn't automatically stop my trade for loss/profit? Is there a program where it automatically stops your trade when it hits those margins even if you leave it unattended? Sorry if this is a stupid question I am brand spanking knew lol thanks love your channel mate!!
Forex trading made simple, thank you brother! 👌👊
i watched alots of videos but this one was great like really great
Very instructive video !! Thanks Phil Collins ^^ .... Easy Trader.....
I most say, this video is practical. Stop losses generally aid protect funds from losses as the name implies. Yet, it isn’t the best tool to achieve such a feat.
As a newbie, I found this video very thorough and easy to follow! Thank you again for this free educational content.
its been a year now how is trading
its been a year hows ur trading
@@piquefxmessiah4897
Cracking stuff!
you the plug!!
Great education Thank you
A good entry point would always increase the chances of a successful trade and I’m glad my account manager makes best use of his experience to know when to enter the market.
I agree, a good entry point is vital, Most times my position would be filled in before hitting SL and then it would return to it’s normal trend, and this usually happens during the wrong time of trades,
Welsh Cooper do you receive signals? Or what broker do you use?
Stella Hamilton my trades are managed by Matt Berhalter under Prime Fx
Tu Xuan your problem may be SL, also do not place too many pips. Finding a good entry point will increase your probability setup, also know the timeframe that best suits your trading personality.
Welsh Cooper first time I came across Matt was on LinkedIn, he’s been handling my investments since then, I’ve got my hands on cryptos, currency pairs, indexes. I’ll keep putting in to see where it goes.
Hi, great content, thank you! one thing I would like to mention here in regards to one of your statements in this video that was about cutting losses if we see trade moving opposite direction! my question here is, why should I cut losses before the stop loss point? I guess cutting losses before the stop loss point means that my stop loss point was wrong at the first place! What do you think about that? Thanks
Excellent!!!
Actually I don't know how to place a stop loss but because of this educational videos I've done that very great
Hey cool videos man but I'm getting a bit confused when it comes to pips, I put an order in EUR/JPY put the SL and TP but with different pips 0.01 and 0.15. Do I have to lower the SL if I put more pips in? ( I'm new to this and trying it on demo first ) would appreciate the help!! Please 😁😁😁
Thanks for clearing about sl tp
Good tips but would be good if you could go slow on how you place the support/resistance and how that truly influences the order we going to make. Also, beginners might have trouble with the actual order place using other tools.
thank you so much boss for this wonderful video. This helps a lot.reeally.
i learned alot thanx
pls can you make a video using the indicator COT How they work, what do they do?and momentum meter full analysis
Thank you so so much.
is it good to trail set stop losses at fibonacci retracement, price would unlikely reverse back to a fibonacci retracement position to stop out my trade am i correct
This made sense and really easy to follow. It certainly is a guide that will help people understand the importance of using stops.
Glad you find it useful! Stay tuned for more.
I have a problem with leftover balance. After I enter a position, I feel like I have to enter another one until I don't have any balance in my account. Do you have a solution for that?
Loved it
Stop losses have their place, as long as they aren't too tight. Wider stops below or above key levels of structure that allow the market to breathe give me more success. I recall being stopped out so many times just below the line of support, for the stock then to rally in my favour. It's as though the broker have pre determined levels to wipe you out!
Short and brave thank you sir
Everyone is advising not to use " Stop Loss " and this is greatest advice with " Black Swan moment " is best. Whoever listened to it is lucky
Nicely explained
Can anyone please explain how to get the “180 hour buffer”? Why is it 0.12 pips? I know you look at the number next to ATR(14), but how do you calculate this? What is the derivation? 180 hour implies 7.5 days, but the mini chart shows 5 November to 14 November, which is longer than 180 hours or 7.5 days?
how do i get the sl-tp tool you used? very handy
Hi THere Andrew My name is joe from South Africa JHB sorry to say that i signed up for a course and paid R18000.00 and all i got was a CD and a small booklet and very little to no help from them at all with a lot of useless promises
Nevertheless I have been experimenting on my own with a demo accounts for a very long time and have not shown a profit I came across your channel and i can't believe that you are so willing to share all the knowledge you have gained over the years at your own expense You have restored my faith in this industry I have subscribed and will love to be included in your teachings Best regards Joe
Thanks for sharing this, Andrew. Please pardon my question as I am totally new to Forex trading....What risk management software is this?
Thanks, Andrew. I'll be signing up with forexsignals.com once I get my broker's platform approved. I found your channel and details of learning through you guys through the trading platform I'm signing up with. I almost made a potentially costly mistake following forexsignal.com instead of forexsignals.com
this is the 6th time I watched you, my friend and missed your advice to change the chart appearance to the line chart to make the support/resistance lines better!! wow, that does make a difference!! I',m slowly learning,, got to loose to learn!!
Glad you enjoyed our videos. Stay tuned for more.
Perfect SL description
Very informative content Mr Lockwood, could you make your next video about counter trade, please?
Whats counter trade ?
Do you mean counter trend ?
great video, nice floor trading jacket??
More one subscriber. Sir, I am from Brazil. Who is the best broker to do in my country or who you recomend? Thanks for the lessons anyway if you don't awnser. Anyone can give me an anwser?
Your stop loss and position size determine your risk, your profit target determines your best possible reward. Your risk/reward ratio determines what your win percent needs to be for profitability.
I agree all the way, over all, never have a thesis. we are here to try to make money, we are not here to change the world.
SL should be based on predefined risk reward ratio? Lower the risk reward tighter the SL.
Greetings guys! Where can one find a healthy Account Management Service? The Market seems like the traders aren't totally sincere.
@@harryuriel3272 Only about 3% of people have clear, specific, written goals and plans that they work on each day. The other 97% have hopes, dreams, wishes, and fantasies, but not goals. And the great tragedy is that they don’t know the difference. You can reach out to Shanne (whatsapp +1(732) 210-9020),
@EdwardThorp via telegram. They are reliable and they've got decent ROI.
@@gittanoman4949 Thanks, I appreciate.
Hi, I will like to ask, normally I trade on my cell phone but if I want to buy a computer, how should I start what should I get ?
Good morning.
I've not the name of the gent in the video.
At 5:30, There's an orange and turquoise blazer, is this a trading blazer and was it worn in a trading pit by the man in the video?
Clear and concise. Thank you
what i dont understand is why you use the closing price for the chart? It may have some meaning in the Daily Chart (because that is when the exchange closes) but surely not on the 4 Hour Chart, let alone lower timeframes. Why do you not use the Highs/Lows in lower timeframes than the daily? For my understanding Opening and Closing Price of a Candle in timeframes lower than the Daliy are complete random. The prices of a candle that are not random (or arbitrary) are the highs and lows in that period.
what kind of strategy do you work?
Is it possible to pre set the stop loss cause I'm a fundimental trader and its difficult to place a stop loss because the market is moving to much so all in all can I place an order and have 10 sl instantly
Thank you for tips to good propit new friend hope I see you
Well explained
i swear the amount of time i checked my phone thinking i got notification is too damn high.
Making profit is what every investors want, when you're investing and not making good profit only losses it definitely becomes a waste of time and capital for you. Forex Trading has made a lot of people wealthy and equally destroyed a lot others
Stop loss isn't something so easy for everyone especially for every beginner, it is better to acknowledge that forex market is a two ways thing and as well take the right steps and measures to avoid losses
Loss of money most times are the result of improper research and lack of the knowledge of good mentors/managers to assist you trade and as well teach you the necessary things in trading
Mr. Diggler is a great and success trader. His profit ratio is heavenly
I always found stop losses confusing.
I stick to a predetermined maximum % loss (2%) which often means placing the stop loss far too close to my trade, in which case the SL often gets triggered even when the market eventually heads in the direction i wanted it to go.
then you need to trade smaller lots
How do you determine / set the Support and Resistance lines?
It's Far more complex. What about trailing stops? Do you re-enter when it hits your stop again?
Exelent!!
Thank you sir'' this is really helpful'''''
Thanks for the feedback, Zakaria. More to come.
Many newcomers harbour dreams of getting rich quickly through trading and are suddenly frustrated when the opposite occurs either because of poor trading skill or relying on luck. Luck can also play a part in winning and losing.
Watching from Nigeria I just jumped on this video it's very educating
Glad you enjoyed our videos. Stay tuned for more.
Hello
I'm new please assist me
How to calculate strike price and invest money with graph
Thank you very much understandable
Happy to know you've understood it well Tembela, Stay tuned for more😉
Draw wave trend line according to 3 EMA trend line
breaking out wave and 3 EMA trend line(Cross up or Cross down) stop lose ！ Rising trend, you can buy it when back to the Golden Section、
（0.5 or 0.618 half or more) The same is true for the down trend. Repeated trading , TAKE PROFIT 2 STOP LOSE 1
thank you guy's
You're most welcome Alexander
How does he go from 1.06896 to 1.0702 when adding 1 ATR since 1 ATR was 12pips. I just dont get the math. Pls help
If you have a video on this can you give a link?
Guys plz, which broker is the most reliable
VERY GOOD
Hi, are the FB vids still going ahead these days?
Thank you sir
Glad you enjoyed our videos. Stay tuned for more.
Boa explicação
Bem boa
Tell me the use of stop loss and take profit on olymp trade
Thank you.
Thank you for commenting. Stay tuned for more!
This video was useful.im curious about the jacket .There must be a story behind it.
What jacket?
@@camrendavidson5476 the jacket on the wall
how can i download this tool ????? kindly send me link
Excellent
If you following some1s signal can place a trade on risk management only and make changes to it if needed
To be sincere this video has realy help me as a beginner
So great to hear that David, see you around =)
Finally, a tutorial I can watch using MT4 and not Tradingview. I can relate so much now. lol
Thanks for your comment. More helpful videos to come.
i got a interesting question for you,not saying you re wrong about placing a stop loss but consider this do you think warren buffet places a stop loss on a 500 million dollar deal on say oil? course he doesnt...good video by the way.thanks
He does
I didn't know we could use line chart to properly spot support and resistance..thank you for the value
You should make a video on how you find forex pairs to trade.
@@ForexSignalsTV hi, thanks for the reply. Which subject title do I need to go to or can you put in the link.
I believe you could be interested in these two videos of Andrew’s:
ua-cam.com/video/1z1_5jrGXQA/v-deo.html
ua-cam.com/video/IjHV-LpP0YA/v-deo.html