How do you calculate stop loss and take profit targets?

[sweetrevenge88]

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.

[nyiel100]

Correct calculation of stop loss and take profits are very important for our positions to get a good profit and also to minimize the losses if the position are running against the market. So how do you calculate these sl and tp targets?

i always risk 3-5% in every trades that i had,and iset my SL and TP about 1 : 2...
so if i get two stop loss hit,it would be BEP only with one TP hit,example : set TP 40 pips and sl 20 pips

[Amitpaul]

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

[riaz33]

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 .

[faster4]

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.

[rony]

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

[M0uH]

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.

[marceasypost]

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.

[faster4]

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.

[sinaga]

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.