New traders think that this is neccassay but for a professional traders its not neccessary because at the time of entry that use stop loss and take profit just to take profit and to protect their account from bigger losses. So after applying TP and ST they confidently leave their trading terminal.
there is a magical setting option called stop loss and take profit man .u must set the SL when u are not in front of computer ..do u think is this possible to keep on eye every second if u hold that trade for long term period?Quote:
Originally Posted by Jazpa
ya, its important to constantly monitor the open trades and news which may affect it.
And a very important thing is to define the targets of the open trades else MC may happen as you have cited.
If you do not place stop loss to your trades then you do need to watch your open trades and you can not relax as well. it is always better to place stop loss and take profits to your trades and you can relax and not have to bother watching or monitoring your trades for hours .
The newbies will do it as they are not sure where the price will go and the rarely use take profit and stop loss. This is a mistake and it should be avoided as you will get emotional if keep looking at your positions.Quote:
Originally Posted by Chelsea91
main jub be apan order data hoon us sa pahala main full analysis karata hoon or main pahala market ka baraa main janta hoon us ka bad main apna order data hoon phar main profit gain karta hoon agr market mara aginst jatai ha to pahr main apna order ko colesed nahi karta hoon jub tak main profit main in aya jooon.Quote:
Originally Posted by Jazpa
if you dependent on candle joystick path then you essential virtuous analysis of the industry and also timekeeper the afford positions and if you are angelical in your psychotherapy and then put stop disadvantage and have benefit and do your work and then see after what happened with your exchange.
honestly if I was you I would do traling stop or profit mengungci already but if not I will give profit to menimalkan a stop loss risk so when we open our terminal and the transaction is kina close in position to touch our SL will not be much to lose our money
I am not a person who will use trailing stop and I will prefer to put stop loss in my trading. At the moment I am using only take profit and not even using stop loss in my trading and the results are amazingly great and I will be using no stop loss strategy in my future trading.
Yes, I always am following the deal Mufnouhh moment by moment because Soukq Forex possible to move dozens of points in seconds, or change direction and become a profit loss suddenly must follow the open positions, but of course, deals, short term, which lasts for a few minutes or an hour for example, but the deals that last for days impossible Mtbatha