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to play the short term, it could use a Stop Loss (loss limit) 20-30 points, take profit ranging from 5-30 points and for long-term play, could use a Stop Loss (loss limit) 50-200 points, take profit ranging from 50 - 300 points.
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stop losses is necessary and inevitable even be able to determine the losses, scaled, and in relation to the arrest of the losses will be at ten points, this as far as I can afford losses.
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Forex mein her trader apni marzi say stop loss aur take profit use kerta hay. Kuch traders jo short term trading kertay hain wo 20 pips stop loss aur 50 pips take profit rakhtay hain aur long terms traders 50 to 100 pips stop loss rakhtay hain aur 200 to 300 pips profit rakhtay hain aur scalpers aam tore per donon hi use naheen kertay bus thora sa profit hotay hi trade close ker daitay hain.
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Basically i don't use stop los and take profit if i am in a great danger.Recently i am making huge loss due to not using stop loss.So now i am using both the tools.I set my stop loss point depending on the capital size and lot size.If lot size is small, i set in a great distance and if lot size is very big, i set it in a close distance.I normally set take profit 20 pips away from the opened price.
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main nay apna nksan be keya hai lkin mai ap ko khta ho k ap prfect trad krya na k esy he trad laga dy
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I am new in the forex trading and i am trying to reducing the loss. But not yet fixed any plan for stoping losses. I am think if i can learn the forex very well then will be able to stop loss and i will try to earn 5pips in one day. It will be perfect for stoping loss
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20 pips stop loss can perform as well as the sales of 50 pips continue to be excellent too ... the actual access stoploss or more can be expanded to 200 pips, while when it is accessed risk insurance ... everything depends on the actual access point and access to actual verified
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I think and believe it is not a good idea to do not 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.
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Since i get think a quick term trader my personal partner in addition to when i assortment my personal SL and also TP area. My own partner in addition to when i assortment him or her on the inside portion regarding just one: a pair of, therefore while my personal buy and sell is frequently properly my personal partner in addition to when i assortment my personal SL using 15 pips and also TP using 40 pips and once my personal buy and sell is just not demonstrating a noticeable difference my personal partner in addition to when i assortment my personal SL using 10 pips and also TP using 20 pips.
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There is no perfect plan in trading. All we can do just trying to be right and take advantage on every situation. I never use stop loss in negative. I just use it when I want to earn more profit by securing my current profit in certain level. For take profit, I always use it whether I do scalping or long term trading. One thing for sure that I never move my take profit in any situation. So, my best plan for trading is using both tools to secure profit with discipline.
