It is the important for everytrader,when and how much use we stop loss.I think it depend on the trader strategy.he/she how much use stop loss.
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It is the important for everytrader,when and how much use we stop loss.I think it depend on the trader strategy.he/she how much use stop loss.
Yes the stop loss and the take profit that any forex trader can take in their trades would depend on their trading strategy. The scalpers mostly trade without the stop loss because they stay in front of the computer till the end of their trading. The day traders set a few pips like 20 - 50 pips for their stop loss and 40 - 100 pips and their take profits.Quote:
Originally Posted by hanna
It does not matter if you have more capital or less capital your SL and TP will always or must be the same. Since each pair currencies has average daily volatility. You can compute your SL and your TP in their. But if you going to trade and have big capital it does not mean that you going to put bigger SL and TP. Even if you change your lot size your SL and TP will always be the same and its only change depends on your strategy and the pair volatility.Quote:
Originally Posted by Sujana
good way to a great extent my friend but I'm my way somewhat different in some cases, I do not do I put the stop loss order in case if you I will follow up the deal for a moment by moment and I do cooling by entering a deal in the same direction, but Lott multiplier to compensate for the loss in the first deal and also to get out on the profit and the more do I reflected on the price Balamadaafh depending on the speed of movement of the market ..
You distribute your strategy here.Now I care I can assets my strategy here.I ordinarily know not got a fair some block sum there.So when I urinate a arrangement in Forex, then I module retribution locate the block going at 10 pips below the support destination and aim as 10 straight 20 pips beneath the pressure finish.
In the 15 minutes charts I thinks stop loss may 40 pips and take profit 10 pips. And others time frame as a ratio on 15 minutes charts after follow the money management rules. If any one not follow money management so they depend on their response.
placing stop losses and take profit for my adal a must when going into the market, but sometimes I forget it, and if there is a little greedy attitude in me then I will not put stop lossesQuote:
Originally Posted by Sujana
For virtually every explanation if you're lack of by marketplace you are able to minimize the risk by means of placing stop loss and acquire benefit. by means of this technique you are able to control the benefit and loss. I think greatest thirty five pips and bare minimum thirty pips is considerable although in excess of or less than it might be risky.
Along with considering that stop loss should not be bigger than the target we should ensure that stop loss is set at a level which is considered strong and market is not going to reach that in normal conditions, also target should be such that is expected to hit and it should look difficult to move market much beyond that target.
Nice tips, especially the one about the psychological level. It is very effective because most traders put their take profits at major levels like 00 and minor psychological levels like 50. This means that they will ensure push the price to reach this level before taking profit. However your take profit and stop loss should naturally border on your entry and risk to reward allowance.