200 pips are good for make 10 pips profit but for this action we should experience abut forex trading side and i think so this target is not so difficult it can be chase anyone it not so difficult.
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200 pips are good for make 10 pips profit but for this action we should experience abut forex trading side and i think so this target is not so difficult it can be chase anyone it not so difficult.
it is always a good idea to keep the loss in mind and its even better to get loss to a minimum level.never expose your trading to bigger and irrecoverable losses and do not be too much optimistic.this is what have to keep in our mind while we are trading.
its in beneficiary for expertise and the traders with huge capital,
but my advice for newbies and low inverters that they should not use this type of strategies
Well the intention behind using bigger stop loss then the target is same - even if your stop is set at 70 pips and target is only 10 pips you get loss of 7 trades profit in a single stop loss trigger even if it happen just due to fluctuation or correction of prices.
Its good idea of trading . You can get 10 pips easily . But most times it happens trend go little opposite and then no much movement for
hours . So waiting for just 10 pips become so tedious. But many times this technique helps when position is in market trend.
I think it's a little bit too much if you setted 200 pips of Stop Loss and you setted 10 pips of Target Profit. I prefer to make
ratio SL and TP about 1:1 or 1:2 or 2:1. If you want to set your stop Loss about 200 pips so you should become swing traders
and you must set TP at least 100 pips.
200 pips Sl and 10 pips for TP is very dangerous strategy my advice to all traders lease don't use such strategy otherwise you fall in into big issue..its like committing suicide..because if one trade go against your prediction you will loss all money so its better to set SL around 20 pips and TP may be 15 pips. that's quite better strategy in spite of your such risky strategy...
because maine khud aisi strateg karke loss khaya toh ye meri advice newbies or old trader ke liye.don't follow it.
Having this type of stop loss and take profit is the best one. Most of the time the price comes back after 50 to 60 pips so in 200 pips stop loss there is very less danger of hitting it but 10 pips take profit has more chances to hit, so I think it is a good strategy.