bro i think we need good technical analysis skills for set take profit and stop loss and we also need fundamental news for doing forex market because this business is risky so we need to be a expert for get success in this market without this we can lost our money there.
salam guys in order to your post i thinks that Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.thanks for the post take care and keep trading.
well my stop loss and take profit strategy is simple i set 10 pips on stop loss and 10 pips on take profit and then i increase both as market come in profit and this strategy save me from losses and make trade profitable.
Before I work an ordering in forex,I leave reasoning the forex way initial.After that,I leave make orders with forbid amount and take there.Then I can departure the mart for a patch.
prixe mostly moves in long ranges then that , but you are licky if you are geting good results form it . i always set the sl and tp nearest to the support of resistance level and of ten alter it as the price moves on.
be realy carefull. guys. bro i think we need good technical analysis skills because this business is risky so we need to be a expert for get success in this market without this we can lost our money there. for set take profit and stop loss and we also need fundamental news for doing forex market
perfect stop loss is depend on the timing and more things which is as arch same to my things as these need, I trade with 50 pips stop loss and unlimited pips of take profits. I don't usually place take profit as I keep constant eyes upon the trade.
yes, those are the describing of Take Profit and Stop Loss. So, what is your Take Profit and Stop Loss set up? why didn't you write them down here? cos actually, we are talking about those set up and not the definition.Quote:
Originally Posted by hiqbaleee
So, please tell us your setup, may be it would become useful for us.
You settling for take profits and stop losses in 50 and 25 pips depends on your own personal decision towards that,because there are something that you must also put into considerations and that is the lots size and leverage that is being used by you.
Stop loss aur take profit do poing kishi bhi trader ke liye important hote hai aur ishi liye mera manna hai ki trader ko in dono ke liye jo bhi trading startegy pasand ki ho ushi hisab se in ko pasand karna chahiye kyo ki baad me aik galti se bhi loss ho sakta hai.