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April 29

Can the Market Makers see my Stop Loss?

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Yes! Your stop losses are merely orders in the opposite direction. So if you are selling, your stop loss is a buy order, and the market makers can see all orders at all times.

That was an easy question to answer, and I’m off home.

Although it does beg the question, why are you asking?

Because that sounds like a mindset issue, and that’s where I excel.

Unless your name is George Soros or Paul Tudor Jones, you really shouldn’t be worrying about whether or not the market makers can see your stops Because your stops are quite frankly inconsequential to the market makers.

When they are moving trillions of dollars, going after the couple of thousand you may be trading with is just not worth it to them. No offence.

Don’t get me wrong; they do go after stops… just not yours. You just happen to put your stops in the same place as the speculators so that they will get hit in the process.

Don’t let this put you off

If you’re new to trading, you may have heard other traders talking about this, and you may wonder how or if it will affect your trading. It won’t if you have a fully comprehensive trading plan and you test your system correctly.

However, if you are one of those traders who has been trading for a while, and you still get upset and frustrated about the market makers going after your stops.

Then, in reality, your problem is not the market makers but your system and your trading plan. Because you know it happens, you’re never going to change, so build it into your system.

A Trading Plan will nullify this problem

A trading plan is your bible, and your testing gives credence to your bible. Testing builds faith, wisdom and the confidence to trade your plan through any storms that life or the Forex market might throw at you. (which they both do… quite often, in fact.)

You shouldn’t be doing any live (real money) trading without a comprehensive trading plan because, at some point, you will come unstuck without one.

An excellent trading plan will be a living, breathing document that grows as you do; it evolves as you do as a trader. But it seems to be the sticking point for most unsuccessful traders.

“When I have a system I like, I’ll write my plan.”, “When I’m successful, I’ll take the time time to write a proper trading plan; for now, I just want to make money.”

I’m afraid you have it the wrong way around. When you have and follow a proper trading plan, then and only then will you become successful. It has to be the first thing you do.

For this reason, the first thing we do when I teach my clients to be proprietary traders is to create a trading plan and then build upon it every week so that at the end of the course, you have the exact strategy to take you to your success.

It’s not straightforward to do it on your own; it’s hard to know what’s essential and what isn’t. It’s also very easy to miss out on the bits that are the most important.

I need to explain each part of the plan in great detail in order for you to understand the relevance of each piece and how it will improve your money mindsight. It is the mother of all foundations and an essential part of your success.

What you should do right now!

If you are struggling to successfully extract consistent payments from the markets, then I do suggest that you take a look at my “Do It Yourself” Trading Course.

In this course I will personally coach you the necessary technical and psychological skills needed to be a successful Prop Forex Trader and create the life of your dreams, whatever they might be.

Callum McLean


I believe that everyone has the right to be financially free. I founded "Wealth 4 All", an organization that guides people from all walks of life to achieve that goal, either by teaching them how to trade or through passive investments. Connect with me to get started today.

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