Forex Stop Loss Strategy

Register for our weekly FREE webinars at http://www.PipsUniversity.com! - Understanding where to put your stop loss in the Forex market is absolutely crucial for a few reasons. The first reason is that it is how we correctly position our trades. Many Forex traders come into the market and read garbage on the forums and other blogs about using a fixed stop loss for every single trade. This is not how stop losses work. Stop losses help us determine when to cut our losses as well as to how big our position size should be. We use stop losses based off price action not by what we think would be a could amount of money to lose. If you have been just cutting your losses because, you think it is only going to get worse, then this training video is for you. http://www.Facebook.com/PipsUniversity http://www.Twitter.com/PipsUniversity http://www.Instagram.com/PipsUniversity

Comments

1. Btw I really like your introduction to the video lol. I feel like I get in the club vibe and then my favorite starts. CHARTS! lol. CLUB + CHARTS = HAPPY TRADING!
2. Btw I really like your introduction to the video lol. I feel like I get in the club vibe and then my favorite starts. CHARTS! lol. CLUB + CHARTS = HAPPY TRADING!
3. Nick: Do u use trailing stops so u can lock in profits as the trade moves in your direction? Or do u have a pre-determined profit target & close the trade when you hit that? Thanks
4. thank you, learn something again
5. Thanks Nick!