Mving stop loss to break even or in the profit zone??

[sapna]

main jab trade open karta hu to ek baar hi stop loss set karta hu ye stop loss main tik se analysis krne ke baad hi set karta hu.
agar price stop loss ko hit kar deti hai to main new trade ka wait karta hu or jese hi mujhe koi signal milta hai main new trade ke saat entr ho haata hu.

[Hamza Guizi]

moving stop loss to break evev or move towards the profit zone is one the strategies used in trading forex.it can only be done by a trader who has patient while trading forex.who is able to do thos again will be e trader who camn trade without emotion.

---------- Post added 06-28-2012 at 11:03 AM ---------- Previous post was 06-27-2012 at 12:14 PM ----------

In the end it comes down to whether any of the strategy improves or diminishes on your system or method s performance. If moving stop loss to break even help you control risk and increase profits then you stick to it. And to figure that out you have to test, observe, and evaluate.

[sammy]

i thought initially that moving stop loss is a good idea but when i traded in demo i realised that in only sounds good in theory. in practical the market is very fluctuating so it can cause u less profit than your original one.be aware.

[pompi22]

yes of course you can do that, and if you can use trailing stop loss too, it will move with automatically when your order go at floating positive...and with this way the trader can lock their profit when the trend move back and against your order

[arif01]

People Those who are employed then also work with forex in rest time because it is on line programe and it is always open. So forex is a way of Income for man those who are gather knowledge about computer and online internet use knowledge.

[njoroge5]

yes you can move your stope loss to break even with your trades but you really have to be very careful of what you are doing and make sure that you have the best of the best. if your trade goes in the right way you can trade and make that profit but if you lose you should be a very good trader in that to, bt should not exeed your profit ow loss. just be that good.

[Hamza Guizi]

moving stoplose to break even is the wise thing to do but you should try to check minor drawdown that will not hit yout stoplose and and do another move on your favor because it will be a waste of your time at the same time you will lose pips on spread or losing most pips that suppos to be in your profit sides.

[kanta]

It is actually not a good strategy that you are taking about. I can tell you about one. Never take more than 2% risk of your total capit in a single trade and in a month do not take more than 8% risk of your total capital. Whenever you loose the percentage you should stop trading and should wait for next month.

[cfxsignals]

I will be absolutely honest here - if you move SL to break even it will get frequentely taken out. If you look at a price chart you will notice that price constantly retests levels, and retraces for precise that reason - to swap weak traders for strong holders, and this process can occur for hours, even days. If you look at when GBPUSD was over 2.1 in 2007, everyone knew it was overvalued. However, the price was held there and tapped the top for several months to get rid of all the shorts who had trailing stops and stops at break even before it fell. In my opinion, forex is win or lose - there is no in between.

[safwan06]

actually without earning a huge money we will not be able to move stoploss to break even or in the profit zone.you can protect your money from loosing and can earn some pips from that . that is the matter always. thank you.