How to remove Risk in Forex Trading by using Breakeven point

How to remove Risk in Forex Trading by using Breakeven point


remove risk in trading by breakeven point
in this presentation in next couple of minutes you will learn what is breakeven point how
to remove your risk in trading by breakeven point common traders mistake about it and
how to use breakeven point correctly. okay? let’s go to the charts the breakeven point. is the point that if you move your stop loss there and price hits it you won’t lose any money so, your breakeven point would be exact point
with your entry point. if you move your stop loss to your entry point
when price hits it you don’t lose any money but unfortunately many traders use it in a
wrong way. okay? they try to move their stop loss to
the breakeven point as soon as price crosses a little you know? it’s wrong they do that
because they don’t want to lose any money to the market. it’s wrong please pay attention
our profit comes from big trends and when price wants to move in a big trend its probable
to come back a lot. okay? so, we shouldn’t be kicked out in
a big trend just because you want to move your stop loss to breakeven point too fast
okay? for example here price cross the breakeven point a little if you move your stop loss here in the next bar you will be stopped out okay? so, don’t do that. please move your
stop loss to breakeven point based on stop loss distance definition please pay attention
your stop loss should be the closest position to the price that if it hits it means your
entry point your prediction is wrong if price come backs and hits your stop loss here at
this point does it mean your prediction or entry point is wrong no? it doesn’t mean
okay? so, you shouldn’t move your stop loss here too fast you should just listen to the
market let add bars here. in here you can move your stop loss here because if price hit for
example this point it means it wants to go in this direction but you can’t still move
it to breakeven point okay? let add more bars for example here if I draw
Fibonacci from here to here, you can see 78.6% is beyond of our entry point is beyond of
our breakeven point so, if you move your stop loss to breakeven point at this point its
correct because if price comes back and crosses this 78.6% it means it wants to come back
again and it wants to cross even this point so it’s good to remove your risk in this
trade okay? so, if you want to move your stop loss to breakeven point its great but don’t
do it too fast watch the market and listen to it and move your price to breakeven point
in the correct time okay? that’s it

2 Comments

  • bryan 231

    October 4, 2018

    awsome point … thanks bro

    Reply
  • Eric khav

    October 5, 2018

    Thanks for sharing this

    Reply

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