Forex day trading - How do you decide the stop loss?

Forex day trading - How do you decide the stop loss?The importance of a stop loss when placing a trade, is very evident. One will not want the entire account balance to come to zero which can happen if stop loss is not in place.But how do you decide a stop loss? Should it be anything?? Are there any factors that decide the stop loss?There absolutely are the factors -1. Foremost is how much can...

Elliott Wave Free Week

Just a reminder:It's FREE Week at ElliottWave.com!!Click here and get your FREE contentFree Week End August ...

Forex Journey Interview on Forex Education

Hey Team!Click here to hear a recent interview I did with Interviews with Prosperity on the importance of Forex Education.Happy Tradin...

Forex Education Tip – 5 Steps to Successful Forex Trading

Close to 95% of all Forex traders will lose money. We're not just talking about novices, either. Whether you trade Forex for a living, as a hobby or just for fun, odds are against your success. That's a simply astonishing fact. However, the remaining 5% of Forex traders somehow manage to break even and there are those lucky few that actually make money in the currency market – consistently!Like the...

Result Test #1

Result Test #1 : Profit +66 pipsWin = 1Loss = 0Good start here ...

Test #1

Buy Gbp/Usd at 1.9841 , TP 1.9907, SL 1.9801 at 09.46 (GMT...

Forex Education Tip - Stops

Let me just give you a quick tip about setting stop losses. I once took a class where I was instructucted to place my stop loss 30 pips below my entry. Why 30 pips I asked? I was told it was an "acceptable" risk. Based on what? I see a lot ot traders basing their risk management strategy on some pre-defined pip value risk without any consideration for support and resistance.Don't do this!Like I say...

The Indicators for Simplicity Forex System

BolingerBands_Stop_v1 (BBStops_v1) can be downloaded from hereHeiken Ashi Smoothed (HAS) can be downloaded from hereSilverTrend_Signal can be downloaded from hereSignalBars_v6 can be downloaded from hereFibo_Piv_v2 can be downloaded from hereHappy Trading...