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Yes, it is a good plan and stop-loss ratio also good, but if you're a newbie new hard to reach 50 points, it is good to determine 20 points and stop loss of 10 points, and this is good in the beginning
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for me i play on 10pips profit and 30 pips stop loss if i did not consider the support or resistance for it and i am comfortable with it because in any market situation its easy top grab 10 pips....
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we have to take time for trade and learn first and then with the market situation we have to learn it and then set for stop loss with great learning and stop loss is very best for us and we have to take that.
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I always like to set 15 pips for both take profit and stop loss. This is a part of my trading plan. I got benefits from it.
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yyes forex me stoop loss or take priphit b trade ka 1 bht he aham hesa ha jis se ham kamyab ho k apna account easy se use kar skty han me b is ko use kar k success hasal kar raha hn
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buht ehm point he jisko discuss kia gia he mere khyaal say stop loss ki stratgy per kabo pana mushkil zrur he per na mumkin nahi ...
apko forex ki her stratgy ko achi trah read krna chahye jo apko loss pe controll krnay ki stratgy bna saktay hen ..
rules ko follow kren or her stratgy ko or markete say ani waly her signal ko read krna seekhay ...
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Location quickly from your objections, I will state my personal goal into the go on a spree in addition to as a result my personal proceed the particular shopping will be done before future in conjunction with my personal odds that you can win in conjunction with stop-loss down below support mature by what I could truthfully only, ought to subsequently support breaks decrease, is frequently more likely, simply because assistance for the specialized niche may be assaulted repeatedly before split.
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Since i am a short term trader i set 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 seet my SL at 10 pips and TP at 20 pips.
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very well after i available just about any deal compared to very first my partner and i research following service and also weight. my partner and i place my personal quit reduction in close proximity to these types of degrees.
in case service and also weight degrees tend to be too high i follow my personal dollars supervision rules. i prefer two: 1 danger & pay back relation.
quit reduction can be 200pips after that my personal TP can be 100pips.
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My plan for stop loss and take profit is that my take profit is always bigger than my stop loss so if I use a take profit of 100 pips the stop loss I will use will be 50 pips or less
