How to Place a STOP LOSS and TAKE PROFIT when Trading Forex!

[@ralphlawrence11]

topic starts at 5:00

[@karensloveme]

ralph lawrence deloria you’re a gem 💎

[@nicolasriley2452]

Thank u

[@abdimalekmohamed2527]

Thank you❤

[@tunjiii4056]

come thru bruh

[@THISisORIGINAL6]

thank you!

[@dean_m_1968]

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.

[@dietrichaediltrudis1241]

Stop-loss orders are a critical money management tool for traders, but they do not provide an absolute guarantee against loss.

[@robertmichael551]

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.

[@kamalahmed6791]

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.

[@robertmichael551]

@@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.

[@dietrichaediltrudis1241]

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.

[@dietrichaediltrudis1241]

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.

[@jarradmcdonald2895]

So clear and simple! I'm no expert but I've never had it explained this clearly! Thank you very much!

[@kewljoi]

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

[@gabrielgammatidis2676]

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.

[@forexnewsalert7816]

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.

[@gittanoman4949]

SL should be based on predefined risk reward ratio? Lower the risk reward tighter the SL.

[@harryuriel3272]

Greetings guys! Where can one find a healthy Account Management Service? The Market seems like the traders aren't totally sincere.

[@gittanoman4949]

@@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 [phone]), @EdwardThorp via telegram. They are reliable and they've got decent ROI.

[@harryuriel3272]

@@gittanoman4949 Thanks, I appreciate.

[@harrisonmccoy5788]

Love this kind of videos with simple explanations. Very self-explanatory

[@jamesstones8121]

Took a big loss earlier, wish i saw this before my trade, it would have saved me a lot

[@allenmery1119]

I think speculation is the reason why traders lose money

[@palaciojane4633]

Well, I do agree on that notion. Forex trading is a long learning process for every trader especially newbies

[@brycexavier7507]

I believe it's the reason they are called newbies

[@kyleallen8684]

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

[@welshcooper3030]

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.

[@rocketman-my2ul]

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,

[@Stella-lv3xq]

Welsh Cooper do you receive signals? Or what broker do you use?

[@welshcooper3030]

Stella Hamilton my trades are managed by Matt Berhalter under Prime Fx

[@welshcooper3030]

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.

[@jake44703]

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.

[@howardhill3395]

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.

[@jermainsmith6539]

As a newbie, I found this video very thorough and easy to follow! Thank you again for this free educational content.

[@piquefxmessiah4897]

its been a year now how is trading

[@ShadyJimski]

its been a year hows ur trading @@piquefxmessiah4897

[@brucesmith6868]

Thanks Andrew simple strategies get complex when people add too money rules nice to see yours break down so nice an easy

[@jagankurra]

Excellent tip to traders - comparison in time frames. Those who follow this rule strictly are less likely to fail.

[@siyabongakruger9497]

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

[@martinmurphy3665]

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

[@sanchezfernandez1371]

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

[@edwardharrison5932]

Mr. Diggler is a great and success trader. His profit ratio is heavenly

[@ChRi5t0FuR]

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!!

[@colin4215]

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!

[@davidharuto5424]

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.

[@samuelnathan4412]

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.

[@PremKumar-sb7ni]

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.

[@charlesaladi2885]

this video has been helpful because have lost a lot due to lack of not setting my SL & TP.

[@adrianpalmeredwards9755]

Great job yet again, very helpful & informative especially to those starting out, excellent work Andrew & Forex Signals is definately the place to be.

[@Thingamajigs]

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.

[@Phangmaster]

then you need to trade smaller lots

[@jenaljn17]

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?

[@lostwithvic]

how do i get the sl-tp tool you used? very handy

[@fallenhero1338]

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?

[@xaviourantony8974]

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

[@bruceb85]

The reason you don’t use stops is because the market seeks liquidity (stops). So the stops are always ran before the move happens.

[@tolgatarhan8236]

I believe in this too, I’ve stopped using stop loss and take profit and ever since I have not lost more than £100 made back £1867 in three days

[@saanvi848]

@@tolgatarhan8236 that's nice, how have trading been going?

[@steffan683]

@@saanvi848 Well for me, I keep making so much profit under Demo account but in real account i encounter a lot of losses.

[@saanvi848]

@Niranjan I understand your pain bro. That’s because demo account is based on principle of the market. In demo account, your technical analysis always work out, if it’s going high it will keep going high until trend is broken. If it’s falling same way till it’s broken.

[@saanvi848]

But In Real Account, technical analysis is not enough. Fundamental analysis needs to come in, the News have a great effect on the market, the Feds too, the entire market both crypto and stocks affect the forex market, inflation affects it. Sadly You need to gear all this up in real time to be a professional trader.

[@AbdulAziz-ex1mt]

Great information, thank you brother.

[@vibiel5091]

pls can you make a video using the indicator COT How they work, what do they do?and momentum meter full analysis

[@justinkurtrivera2315]

Actually I don't know how to place a stop loss but because of this educational videos I've done that very great

[@milzskilz1]

Forex trading made simple, thank you brother! 👌👊

[@dnaloco2]

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?

[@shuann]

Thanks for sharing this, Andrew. Please pardon my question as I am totally new to Forex trading....What risk management software is this?

[@shuann]

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

[@feelthesounds_4420]

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 😁😁😁

[@khalidwilliams1161]

Can you please tell me what’s an buffer

[@brendalucas9207]

Hey, how long have you been trading?

[@milliardeugene4002]

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 ?

[@littlen8279]

Anyone tried this yet? Does it actually work?

[@mohammedar7779]

what kind of strategy do you work?

[@nozzer2002]

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

[@dennismauti431]

He does

[@justiceighayere6779]

Guys plz, which broker is the most reliable

[@stoner4]

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!!

[@ForexSignalsTV]

Glad you enjoyed our videos. Stay tuned for more.

[@pedrocortez8132]

It's sad to say that there are still some people experiencing loss in forex trading because of simple mistakes or wrong handling

[@evelynhumberman7671]

The whole point of trading is getting profit from it. Surely there’ll be little losses here and there but the losses should never be greater than the profits. Understanding the basic prerequisite for trading will help everyone go long way. I learnt this from my trader Adriel :-|-436703080310

[@hildehausre4155]

Exercising patience isn’t something I can do and when a huge amount of money is involved I’d be restless but on the scheduled date I got my profit and I feel really bad for stressing Ms Adriel all through my waiting days

[@andrewfidson5240]

She’s the reason my balance is stable, I’d have been broke a long time but with every investment she steadily deposits my returns in my bitcoin wallet.

[@anselinglewood1641]

After getting my payout I figured out why many clients are stuck with her trading for them

[@andrewfidson5240]

I’m one of her clients and she’s been trading steadily for me for a while

[@sujeetyadav6617]

Tell me the use of stop loss and take profit on olymp trade

[@Phoebonaccii]

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

[@Andruuid]

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.

[@faithwalkz]

This video was useful.im curious about the jacket .There must be a story behind it.

[@camrendavidson5476]

What jacket?

[@queenrahmat216]

@@camrendavidson5476 the jacket on the wall

[@cherylnathanodette]

This made sense and really easy to follow. It certainly is a guide that will help people understand the importance of using stops.

[@ForexSignalsTV]

Glad you find it useful! Stay tuned for more.

[@davidmassey4529]

How do you determine / set the Support and Resistance lines?

[@jothilingamk9082]

Hello I'm new please assist me How to calculate strike price and invest money with graph

[@williamjver]

Pearls of wisdom. Thanks.

[@bellaolum9768]

How can I get the Risk Calculator?

[@mohammedmuzakkir9803]

If you following some1s signal can place a trade on risk management only and make changes to it if needed

[@CrispinBac0n]

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?

[@jamiechambers8184]

How do you take a profit but without closing the trade?

[@EmekaAmuta]

Enjoyed your clear explanation on this topic. Thank you

[@aloknandchhatra8914]

Thanks for clearing about sl tp

[@p4p4just1fy4]

Very instructive video !! Thanks Phil Collins ^^ .... Easy Trader.....

[@samarrohit5156]

After constant loss i was able to turn my trade around for the better.

[@ChessNovice]

Do you trade with stop loss?

[@samarrohit5156]

I was able to make my trade profitable, with the aid of an expert trader I connected with on telegram (Expertjoefx) his been a huge help to me.

[@albertocastano4899]

I having been able to make good trade profits trading with Joe's easy trade system and schemes, his currency pairs are 100% beneficial.

[@dennismauti431]

Congratulations. Are you still trading? Please let me know

[@florianperszing3265]

Thank you very much for this video.

[@ehabsaid8678]

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

[@alidrede3353]

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 ❤️

[@bilgehantirpanci-traderinv2495]

Perfect SL description

[@MartinSage]

It's Far more complex. What about trailing stops? Do you re-enter when it hits your stop again?

[@Thetaleswithin]

thank you so much boss for this wonderful video. This helps a lot.reeally.

[@edwingoh824]

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

[@joesimon8506]

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

[@milliardeugene4002]

If you have a video on this can you give a link?

[@williambarlow3719]

I have been trading forex for 5 years now i went through the rookie mistakes emotions,greed,fear and luck.After 3years I became very consistent and I trade 4 to 6hours a day sometimes just three depending on market conditions,you can make a ton of money from the forex market but ask yourself this question.Are you prepared to lose money and go through the trials to become a consistent professional?

[@williambarlow3719]

Nina Amelia the problem is you have not accepted that trading is about profit and loss.And before going into it you should know this,all you have to do is look for a way to improve your trading activities

[@ebooklibrary378]

Finally, a tutorial I can watch using MT4 and not Tradingview. I can relate so much now. lol

[@ForexSignalsTV]

Thanks for your comment. More helpful videos to come.

[@stupot008]

Great video, found it very informative

[@nwokejijoshuachetachi9352]

Watching from Nigeria I just jumped on this video it's very educating

[@ForexSignalsTV]

Glad you enjoyed our videos. Stay tuned for more.

[@isapreoguntoye1017]

You are simply the best!

[@gabrielc7297]

Great video but I'm still skeptical about Forex, can some one help me on how to make good profit?

[@ElonMusk-qs8dv]

If you know nothing about Forex and you want to get into it, don't rely on KZbin vireos alone to teach you how to trade or earn. ...try reading books,follow analysis and most importantly get a trader instructor to trade firstly on your behalf

[@gabrielc7297]

You speech is very inspiring but I have been trying to work with people but it is either I don't earn enough profit as proposed or I make loss. Sometimes I loss my money .. I almost feel like giving up

[@ElonMusk-qs8dv]

You shouldn't feel like giving up. I too also felt that way until I contacted the right trader that was able to help me with earning my profit

[@orenotv9405]

Indeed trading with an experienced expert is the best way to get started in forex market.

[@zackrobert1607]

Hello what's the best way to get started with forex trading I've been making my personal research for awhile

[@AdventuresofBongDyms]

Very educational! Thanks.

[@selflessgiving6168]

You should make a video on how you find forex pairs to trade.

[@selflessgiving6168]

@@ForexSignalsTV hi, thanks for the reply. Which subject title do I need to go to or can you put in the link.

[@marekj1100]

I believe you could be interested in these two videos of Andrew’s: kzbin.info/www/bejne/Z6uUkGigp6yLh6M kzbin.info/www/bejne/f5urh2CCpbVjj6M

[@dirkjan802]

I have a lot of problems with this. A lot of times there wil be a big candle that take youre stop loss. And after that candle its going the good way

[@oluwaseundavid3734]

To be sincere this video has realy help me as a beginner

[@ForexSignalsTV]

So great to hear that David, see you around =)

[@simonwong5920]

Don't you hand your trading jacket back when you leave the bank?

[@Goody954]

Excellent I wish you could trade for sir...I'm a student

[@donaldhelena6910]

I would advice you to look for a professional trader who will explain everything to you, teach you and also help you trade. Do you need help?

[@noobtoprogames3167]

Very informative content Mr Lockwood, could you make your next video about counter trade, please?

[@alberto11ful]

Whats counter trade ? Do you mean counter trend ?

[@theplayers329]

Great education Thank you

[@ArreyNico-bb1vx]

Short and brave thank you sir

[@hughmob3211]

great video, nice floor trading jacket??

[@taqiestv947]

i watched alots of videos but this one was great like really great

[@MegaAbdikadir]

i swear the amount of time i checked my phone thinking i got notification is too damn high.

[@muscleman96]

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

[@davidmassey4529]

What is an ATR?

[@flar7684]

I have been stopped out -20% sometimes by whipsaws, its painful

[@xxxcheong5227]

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

[@stanleychhapra1010]

how can i download this tool ????? kindly send me link

[@bryantt7507]

Nicely explained

[@winifredpatt9612]

As a forex trader you're going to experience some ups and downs along the way. Alertness and deciveness are both fundamental ingredients in the recipe for a forex expert

[@vilesag8017]

As a forex trader you're going to experience some ups and downs along the way. Alertness and deciveness are both fundamental ingredients in the recipe for a forex expert

[@philsummers5486]

1) how do I my own trading platform 2) how do I get a forex bot that helps my trade 3) do you advice getting a middleman like an expert to invest with?

[@coreygrizzle5620]

Hahaha you gotta trade with an expert else you would lose all you capital and you drop off the market

[@allengracia8688]

The importance of professional mentorship of an expert should be the first step of trading

[@willambill5170]

Yeap trading with an expert is gonna be cool with you

[@lennonchirwa9598]

you the plug!!

[@Z-BlakSheep]

Thank you Bro.... Your opinion is always awesome...

[@capobrown673]

i learned alot thanx

[@minamanstein7815]

andrew , what do you think about elliott waves do they work ? is it useful to use them in forex ?

[@zakariacorr3760]

Thank you sir'' this is really helpful'''''

[@ForexSignalsTV]

Thanks for the feedback, Zakaria. More to come.

[@fy8moto261]

Excellent!!!

[@solarfinaservice3263]

I didn't know we could use line chart to properly spot support and resistance..thank you for the value

[@AIGenerated]

Is there such thing as a minimum stop loss distance? Or is my broker just garbage?

[@richardnowel4838]

Try Anorldchris6(a) gmailcom He's good with his strategies

[@conormcguinness4526]

Hi, are the FB vids still going ahead these days?