 Welcome everyone. I hope everyone's having a beautiful Monday. And I hope everyone is also enjoying the training that we're giving here on risk to be on Forex. So today's topic is about Forex stop loss. What is a stop loss? So as a trader managing and preserving your trading capital is your most important task as a trader. If you lose all your trading capital, there is no way you can make back the loss amount. Meaning you're out of the trading game. So if you make pitch, you got to keep and not keep them back to the market. But as we know, the market will always do what it wants. And it will move the way it wants to move. So here's an example of stop loss order. Every day is a new day in the market and almost anything from global politics, major economic events to central bank rumors can turn the country to practice from one way to another fashion and you can blink your eyes. It's happened before it happened to me, I'm sure happened to everyone that has been in the forward training. This means that each one of us have taken a trade on the wrong side of the market, including myself. If someone tells you that they have never taken the opposite side of the market when they are not being, and they're not being true for you. Basically they're lying to you. So here's an example of stop loss order. Let's say you were to put a buy on GP was the right here where the buy is. It goes up in you making your profits right, but you also put a stop loss on it, just in case it goes to opposite direction. And you also put a TP for your TP is nowhere in sight. And then all of a sudden it just comes to start coming down, and then it finally just comes down and his stop loss right there you just what it losing major percentage of your trading account. So here's a video of how you can lose with a stop loss. Hopefully you guys enjoy this video, it's real fun. I love that video. As you can see, like, you can see there, it was going for a buy, but then all of a sudden it just dropped and that's how the market is. So that one time that you did not use stop loss, you lost all your money. So traders can either hope for the market to go and turn around, but not not a 10 times. It won't happen if you have your small account, or it won't happen. So it is better to be safe than sorry, and to have a stop loss, you know. So for new traders, I tell them a stop loss is a crucial skill and tool for them. So when you enter a trade, you must be ready for it to hit your take profit or your stop loss. So now we have two traders. And here you can see Mario Luigi, we're from making the same strategy, but are using different stop losses percentage. So as you can see, Mario is using 2% of his total account balance and Luigi is using 10% of total account balance. So they're going to go in the same trade with the same stop loss, but they're using a higher percentage of their account to use it. So Mario Luigi, where they hit GP or their stop loss. Now, today they both went on a lose issue and both lost 10 straight trades. My advice to you, if you ever lose 10 straight day trades, just don't trade no more. I mean, even after a couple I'm done, I just got to get out of the market and refresh my mind. So Mario lost 10 straight trades, right, but he had 2% of his total account balance. So he lost 20%, 10 is 20, but Luigi, he was putting 10% on every trade for that big stop loss, right? Let's see how that turned out for Luigi. RIP, I'm sorry Luigi, but he lost his whole account using big stop losses and he is out of the trading game. You can see your stop losses also depend on how big of stop loss you have. That's going to be mindful of your account, how big your account is and how much of the account you want to lose. So Mario used 2%. Luigi used 10%, which is a lot if you have a big, if there's a big account that much, but be mindful of the trades that you take and the stop loss and how big the stop loss you have. So I hope you guys enjoyed that training and I hope you guys learned something. And if you like my training, give a comment or like and just show me an email. And if you'd like to join our team, my email is M underscore Oriana52 at yahoo.com, or you could email Rich and let him know to join my team or anyone else's team. Thank you everyone and I hope you guys have a beautiful night and look forward to teaching you that more. Bye bye.