Where To Place Your Stop Loss - Forex Bank Trading Techniques

3 Keys To Becoming A Profitable Forex Trader - http://www.daytradingforexlive.com/3-keys-to-becoming-a-profitable-forex-trader/ In the forex market, long term success is heavily dependent on stop placement. A forex trading strategy that does not have a way of setting a stop loss is extremely inadequate. Especially for day traders, placement of your stop loss is the largest part in maintaining a proper reward to risk ratio. Because you are trading short term market flucuations there will only be so much profit potential behind each trade setup. As a result the biggest way to impact your reward to risk ratio in a positive or negative way is with your stop loss placement. This forex training videos details some of the biggest mistakes retail traders tend to make when placing their stop loss. It also covers the basic strategy we use for stop placement as it relates to smart money. You will discover what we believe is the safest location for your stops to be placed and why. -Sterling

Comments

1. nice vid
2. i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. telling the truth, I did not need to buy the program to know it is a scam?, i use for daily income. START NOW https://twitter.com/ATrubariq/status/814581835976101888
3. fairly boring
4. So glad i found your video bro, i just got stopped out today on the eur/usd almost to the pip before it rolled over. There was two push-outs, {Depending on time frame} I put my stop just above that, i guess i need a few more pips to be safe. Just like you said, there was a clear top being formed, yet we got a push before rolling over. Nice video and well explained ; } Thank you for sharing.
5. What time frame should we use when setting a stop loss using this method?
6. Good vid. I usually have a fairly loose stop on entry, and I tighten it up with the move.
7. which program do you use to chart ?
8. Good idea, but it assumes that I'm sitting in front of the computer while the stop run takes places and can open my position after the stop run is done. What if I cannot be in front of the computer at the right time?
9. Thanks for the comment...glad your enjoying the info. -Sterling
10. Very good. The stop loss placement is the most of desires and secret of retail traders. They are ever in doubt about this. I am always seeing your web site, here from Brazil. Thank you for all information of forex market.
11. This makes so much sense .. excellent!