Entering the trade

You'll learn

1. Pending and market orders and how to use them
2. Accurately measure the stop loss distance.
3. Input relevant details into a position size calculator
4. Input into trade order window
5. The importance of completing as much preparation in advance as possible for quicker and more accurate order execution.
6. Value of verifying measurements and inputs before executing trades.
7. Managing and easing pressure and stress through time, practice, and experience

Refresher

• Enter at or below the low of the setup candle for short. At or above the high of the setup candle for long.
• You will already have your potential entry price and stop loss level identified
• You already checked you will get a positive risk to reward ratio

Step 1: Position size calculation

Establish what trade volume (lot size) you will use for this trade.

1. Choose the level of risk you are willing to take on each trade to protect your capital.

   • Maximum 1%
   • Recommended 0.25% when starting out

2. Step 2: Position size calculation

Use a calculator :p