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How To Best Use Stop Losses

How To Best Use Stop Losses

Tuesday, September 15, 2020

Expert: ALAN GREENWALD
Hosted by: LegacyFX
  • Cryptocurrency
  • CFD
  • Trading Systems
  • Beginners
  • Intermediate
  • Advanced
Setting stops is a very underrated and misunderstood concept are in trading. Your stop loss placement impacts your trading performance on so many levels. It decides over the reward:risk ratio of your trades and, thus, determines the expectancy of your trading system. It also determines how adaptable your trading strategy is overall. In trading, there are 3 different stop loss types that we will discuss in this webinar.

A stop loss is essential because it will protect you from losing more money on your trades. By using a protective stop loss, you know in advance how much money you could lose on each transaction. This can be extremely helpful in implementing sound risk management strategies.

Once you’ve mastered the ability to do things like define key levels, identify price action strategies, use a proper risk to reward ratio, and use confluence to your advantage, an adequate Forex stop loss strategy is all that’s needed to take your trading to new heights.

ALAN GREENWALD

Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking for an expert’s input in their trading strategy.
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