Saxo Group Videos

Trading Clinic: How best to deal with market uncertainty

Every trader is subject to market uncertainty. Given what's going on in Greece and China, it seems appropriate that this week's Trading Clinic looks at how best to deal with the unexpected. Risk and decision making expert, Gerald Ashley, begins by explaining the importance of the stop-loss order and where levels should be set.

With a constant stream of headlines, data and news, how best to deal with market noise? Gerald says that if you have a longer horizon, there is no point in looking at the minute-by-minute data stream. The muscle is a brain and gets tired, he says, so it needs protecting.

When a situation changes and the trade goes wrong, Gerald warns traders about allowing their emotions to rule their heads. He says it's never a bad thing to stand back and analyse your trading mistakes in order to learn for next time.

04:08 minutes
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