Stop Loss Secrets in Forex Trading | Urban Forex

Stop Losses are an essential tool that every Forex trader must use as part of their trading strategy. However, there are correct ways and incorrect ways of using a stop loss, which Navin will go over in this video.

Stop losses should generally be used based on psychological reasons as well as what the market is telling us at each point in time. The way stop losses are calculated can be based on many factors such as pips, amount you want to risk, and the risk vs reward of each trade. That last point is the main reason why knowing where your take profit is going to be, is important also.

The main tool that Navin uses to accurately know where to place his stop loss is price action analysis. Knowing what is going on in the market(from a technical point of view) will help you put your stop loss in a logical place, that also fits with the psychological reasons you may have for using a stop loss in the first place.

Now, in addition to using price action to help place a stop loss, you can also use price action to help manage your stop loss when you have a running trade. This can be crucial to getting the most out of each and every trade, day in and day out. So, if you want all of the secrets and details regarding stop losses, make sure you watch all the way to the end as Navin will go over all of the information needed to accurately place a proper stop loss.

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Видео Stop Loss Secrets in Forex Trading | Urban Forex канала Urban Forex