Hello All, I have 2 questions that i need help with please.
1.What is the simplest way to place stop loss order
2. in all my studies and research,i always learn that, one should look for buying opportunity when market is in an uptrend and sell when market is in an downtrend, but looking at a downtrend one can see small buying opportunity and the same for uptrend too, so should this small opportunities be ignore and focus on buying in an uptrend and selling in a downtrend.
THIS IS CONFUSING TO ME AS A NEW TRADER.
MANY THANKS IN ADVANCE
Press the green education button first.
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In trends I always ignore counter-trend entry opportunities. There are almost always other trends to play if the one you’re looking at is temporarily going in reverse. If there really are no trends to trade, I stay out.
Am sorry i don’t understand
Thanks tommor
Helloooo. 
Hmm. 
There are a lot of ways to set up your stop loss so I can’t really say which one is the “simplest.” There are a lot of things to consider but these lessons might help you out. 
Hmm. I remember, it can also be based on your trading strategy. I usually use a 50- pip trailing stop cause I just think it’s more flexible.
Setting stop loss is simple technically. However, know where to place the stop loss depends on your risk management system and trading strategy.
Hi and welcome,
There is a saying “the trend is your friend”. Much talk is dedicated to support/resistance lines, trend lines, channels, flags and pennants in this subject matter. I had always taken this in hook, line and sinker until recently because I always thought there were only two possible outcomes that either the trend would be followed (presumably according to the teacher more often than not at the S/R lines) or the trend would be reversed. So if you are right 50% of the time and you use a 3:1 profit to risk ratio, you are bound to win. Sounds so obvious it makes you wonder why 90%+ of traders lose money, eh?
Actually there are more than 3 outcomes in reality. Trend can follow, trend can reverse or trend can be choppy (most often the case) and take out all your short term trader’s tight stop losses with false breakouts and other price action behaviours. At the most simplistic level, it is said that you have a higher chance of trend following (buying when the trend is bullish, selling when the trend is bearish) but that is an oversimplification that leads the trader to some conclusions about probabilities that just don’t happen in practice. In practice, it is the use of two or more indicators that will (eventually) give you a trading plan that can be demonstrated by past performance to give an overall positive outcome. It is confusing you as a new trader because it is confusing, and there is nothing to be afraid of. It is important to think positively, and to know that if 90% (some say 99%) of traders fail, then there must be a “secret” the other 1% use to be successful. The secret (if there is one) is that the banks control the market price (when they want to) because they know all the levels of all the stop losses that have been set, and take their opportunity over and over again to wipe out thousands of little guys with their concerted manipulations. The SEC occasionally fines the big 5 banks for “manipulating markets” but they just come right back and carry on doing it since the fines are too low to concern them. They make too many profits from their manipulation.
If you believe that then the “secret” is to look at what the majority of traders do (retail traders) and do the opposite. And here starts the 2,000 hour journey of enlightenment to start to understand how it may be possible to win in Forex trading. Welcome to the journey, and the hard slog.
Pressing the education button above is the pathway to answering your Q1. I use ATR number *1.5 and PSAR last bobble as a S/L indicator.
Q2 As a newbie, follow the long term trend and don’t try the wave retracements. On MT4/5 platform, just press the zoom out button a few times on any chart and you will see the long term trend. Follow that on a daily chart or 4 hour chart.