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i am always use stoploss, bcoz stoploss protect account 4m margin, every forex trader should use stoploss. when i open any trade than first i search next support and resistance. i put my stop loss near to these levels. u may agree with me,..,.
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i usually set stop loss at 20 pips and take profit at 10 pips , but some times i set it according to the previous support and resistance, and i am going good and making many profit at a little deal but i do my deals more for getting more profit,
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I do not think that making a fixed level for setting up for take profit and stop loss is good. For me, both stop loss and take profit, i set base on price action. I find this method is best for this matter.
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mere hisaab se humen is strategy ko fixed krna chaye wse men jo hon wo normally us swing k neche stop loss lagata hon jis swing ya breakout ki wja se men market men enter howa hon ye mere lye kafi acha sabit ho rha hy baki take profit average daily range k hisaab se jtna banta hy us ka 80% ......
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Even if I use bots, I already put stop-loss in all open positions and cut loss on my total capital now limits that I set. Although the rate of margin of 1: usually take 2 for losses and profits, then if i am installation 20pip loss, my profits to 40 pips.
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before making the strategy you should study the support and resistence level of that product then u will be a good planner of stop lose and take profit strategy maker.
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I was not good for me or against me that I have to make quick decisions and then 25 pips.some time trend stoploss stoploss is 40 pips and take profits abroad market.I always, I'm using to make a small profit.
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I dont fix the ratio of stop loss and profit until i have completely analyzed the market trends at that moment. It varies always . The perfect profit should base on risk reward ration which means that your profit should not be 250-300pips to 50-70 pips meaning that 250-300pips profits against 50-70pips loss.And this should base on 5R% risk management using only your 5% of your account in every trade.
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i take advantage of proper indicators like fib out to confirm stop loss and take profits other then i typically place stop loss of 30 and take profits of 60 as forex is volatility and doing higher analysis we will simply get to this level
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Before I form an tell in forex,I faculty psychotherapy the forex way prime.After that,I leave tidy orders with place sum and point there.Then I can leave the activity for a patch.
