Placing stop losses can be a tricky thing to do. However, there is a method of placing stop losses which gives your trade enough room to breathe but also prevents you from taking unnecessary losses. That’s by using what’s called dynamic stop losses.

In this video, Giles Coghlan, Chief Currency Analyst at HYCM, will explain what a dynamic stop loss is and how you could use it in your trading.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.