may to apna stop loss nearest support ye resistance points say kuch pips kay faaslay per rakhta hoon or isi tarah take profit bhi. phir agar may screen per mojood hoon to apnay stop loss ko or take profit ko next point per bhi set ker dia kerta hoon.
Before I make an order in forex,I will analysis the forex trend first.After that,I will make orders with stop loss and target there.Then I can leave the market for a while.
Well it should depend on what type of trader you are, and you should set your stop loss according to your trade plan. If you trade in a range better to set stop loss just outside the range instead of counting it in pips. Even for other strategies you should not set a very big stop loss as this may result into big losses if a single trade goes wrong.
This is very small trading plan my friend. How can you do it well? I think your stop loss will be hit first then your take profit. Am i right my friend?
hmmm, its good but i think you need to set ur SL and TP according to support and resistance level. Ma tu in points k hisab sy SL aur TP set krta hon aur ye k kuch strategies main SL aur TP us strategy k hisab sy use krni prti hy.
Its not a good idea to don't post stop loss if you have small capital because you can lose your whole investment in just few minutes so always put stop loss to minimize your risk.
usually use a stop loss of half the desired profit. eg I have a target of 100 pips, then I use a stop loss 50 pips or cut loss. but every trader is different, depending on the trading strategies used.
although i'm using robots, i've already put the stop loss in each open position and a cut loss order if my total capital is reaching the limit that i setups. While for profit i'm usually take the 1:2 ratio for loss and profit, so if i'm setup a 20pip loss, then my profit will be at 40 pips.
mere khaya lse paki strategy galat hai..aapko kabhi bhi stop los ki koi fix value decide nahi karni chahaiye..kayi baar aapko 20 pips ke baad hi achji stop los ki value dikh jayegi aur kayi baar 100 pips bhi dikh saket hai..ye bas aapki study aur analysis pe depend karta hai ki aapkokya karna chahaiye
Take profit and stop lose is very important part of forex trading. I also set stop lose and take profit in my trade. I think most of trader are also set take profit and stop lose. I set my take profit bigger then stop lose. When market move my take profit i move my stop lose too.