ilmscore | Prediction Details
"I want to place a trade let's say I wanted to buy the Europe the New Zealand dollar right now which is the currency pair where home I would go to create a new order I would have a market order in and I would set my stop loss and let's do this first let's go ahead and do say I want to buy the New Zealand dollar right now I want to have a stop loss below this red candle so that's my stop loss and I have a target at a two-to-one risk reward so if this is the case I now have my trade setup so what I'll do is go to trade create new order it's gonna be a buy order on the New Zealand dollar and I know where my stop-loss is it's at 100 pips so 100 pips is my stop-loss"
By The Trading Channel (The Trading Channel) | April 2, 2020 | Pending
From video
Forex: How To Calculate The Value Of A Pip (Beginners Must Learn This First) 00:17:38 - 00:18:16
Interpreted Prediction
The speaker outlines a trade setup: buying NZD/USD with a stop-loss 100 pips away and a 2:1 risk-reward ratio for the target.

Prediction Details

Topic
Forex Trading Risk Management

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