If I am doing Intra day trading I set my stop loss at 30 pips and take profit at 20 pips. If I do scalping I don't set stop loss just take profit target. There is never a perfect set up for SL and TP,it all depends with your risk preferences.
If I am doing Intra day trading I set my stop loss at 30 pips and take profit at 20 pips. If I do scalping I don't set stop loss just take profit target. There is never a perfect set up for SL and TP,it all depends with your risk preferences.
I wanna be the best in everything that I do...
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Loss is the part and parcel of the forex trading and customs...if there is no loss ..not the business name..but we need to know how to control the losses from growing....if we are not face in loss than we can not the interest for benefit
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Always we have to know how many money we are trading . and then You have to think how many money I want to earn . in this way we can easily earn our money and calculate the loss and profit .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
as a trader we must have stoploss in our strategy trading,because this is the most important part for protect our margin from big loss or even margin call.with using stoploss it's mean you have been create a good system strategy in your account and protect for news impact that release in that time,make good defense is good idea before we enter to the market and strike back in the best time to make profit.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
its depend all on you where to set stop loss. its depend on your money management and the volatility of the market. Your money management skill must be good enough to set the stop loss
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
For me i use only stop loss, & i calculate them depending on the trend & the way the chart is moving, for example if i notice that the trend is rising but it's always goes down for 30 to 40 pips & then continue its rising.
a good stop loss is 60 pips farther.
P L A Y I N G . T H E . I N S T A F O R E X . S O ♫ G
It is very important to calculate our loss and profit in forex, we have to know how to stop the loss and make more profit in our trading in forex. we have to set up control our trading in forex and try to make more profit as we can.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
use stop loss in every open position is good because can avoid big loss happen and trader no fear of loss again in trading and stop loss also can help trader to suvive in forex trading but maybe no every trader like to use stop loss because they hate if price hit their stop loss order.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I think, to be able to calculate stop losses and take profit will depend on the trading strategy that we created. I myself use fibonachi indicator to determine the area of price movements. and the area that I could make a profit 20 pps, 50 pps with a stoploss.
believe me, one day you can be a successful trader
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