It is way to generate cash and create our profession . So currency dealing is excellent way to generate income .Price mostly goes in long varies than that, but you are fortunate if you are getting great results from it.
Good fortune with your dealing. best regard
Select only after analyzing the trends for me especially. I have 50 pips stop loss and take pips profit and trade. I think the advantage of Undistributed profits, keeping the trade usually have a constant eye that I completely close position.
hi , There is no perfect stop loss or take profit in forex market unless You are an aggressive scalper. The stop loss often varies for all positions. Mostly the stop loss and the take profits are set in the suppoet and the resistance area which increases the trade to be an efficient one.
Main long term trader hu, main jab bhi koi new trade open karta hu to main stop loss 400 pips rakhta hu, aur apna take profit kareeb 100 pips ya phir 200 pips, aur ye jyadatar support aur resistance ke kareeb hota hota hai, main stop loss ka use loss ko kam karne ke liye nahi karta hu main trade ko hamesha ke liye live rakhta hu jab tak ki price level dubara wahan na aa jaye.
ma always 60 pips profit and 40 pips loss py trade set kr deta ha. is trha na to mjhy ziada loss hota ha and na ziada profit. And ma Scalping ziada krta hu. is ka liay ma choti choti trade opn krta hu. is sy mjhy loss kum hota ha.
Simple profit taking is the perfect stop loss use . It is the one kind of technique for the safe of loss. You can use it. There are many advantage for the using that i am also use it some times.
Since i am a short term trader i seet my SL and TP nearby. I set them in the ratio of 1:2, so if my trade is well i set my SL at 15 pips and TP at 30 pips and if my trade isn't showing good results i set my SL at 10 pips and TP at 20 pips.
Almost every profitable Forex trading with merchants founded their own income and a place of unloading in accordance with its approach. Insurance can be a great, but it is my job to collect 15 points. Decline in revenues, based on a profile along with 50 points, to fill out your profile. Just because it's clear that the ups cheap in Forex. As well, we have chosen the advantage of a lucrative career around Forex about insurance. In fact, if I have a good report of undue influence on Fri.
My stop loss and take profit depend on these situation market fundamental and technical reason. First I follow fundamental reason and than found nearest support and resistance. I use stop loss and take profit more than 15 pipes in nearest support and resistance. Experienced trader can make these position perfectly.
effectively as i start any buy and sell in comparison with very first my partner and i lookup up coming assistance and amount of resistance. my partner and i placed our halt reduction near to these kind of amounts.
in case assistance and amount of resistance amounts tend to be too much i then abide by our funds operations regulations. i prefer two: 1 chance & pay back relation.
halt reduction is actually 200pips after that our tp is actually 100pips..