Mastering Stop Loss

Where should you put stop loss? Some traders will say at recent low/high, while others use a fixed pip amount. In this video, Navin explains how by using basic knowledge it will become a lot easier to set your stop loss, depending on the context of the market.

As always, Navin explains in a way that is understandable for everyone, regardless of their experience in trading.

00:00 Mastering Stop Loss
03:05 Let's Start with Basics Knowledge
Identify the basics to know where you should put your stop. You have to understand which state the market is in:
- Trend
- Range
- Channel

05:45 Let's Take It Deeper
- How to trade ranges
Why. putting a recent Low/High stop loss won't work

12:25 How the Market Works
- How most traders are using indicators to trade
- What's the difference between trading stocks and forex

19:35 Example
- How to interpret the chart on a everyday life object
- Can you really make money on a ranging market?
- Traders rely on the movements and volatility of the market
- When are traders and average public entering the market
- Too much volatility increases your risk

32:07 How psychology impacts your trading
- Most traders put hopes into their trades
- Identify the areas your trades may have hard time to breach
- The market doesn't move the way you wish it moves

36:55 Where should you put your stop
- In a range
- A static stop loss will not be working in every market condition, even if your direction was correct
- Timing is essential

45:55 How do you fix Timing
- Understand what is happening in the market
- How buyers and sellers feel when market moves
- Where should you enter depending on the price action
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📈 In this video, Navin is using the software TradingView to look at his charts, get your access to the same charts here : https://www.urbanforex.com/tradingview

Видео Mastering Stop Loss канала Urban Forex