Dear friend
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 and close the position soon as I think the profits are enough for me.
I wish you a profitable business.
What is your perfect stop loss plan and take profit plan while trading?
main abhi aik newbie hun main ne isi abhi shuru kiya hai mujhe abhi tak salry nahi mili lekin mery khyal main apna take point kam rakhna chahieye or get point ziada qk agr take point kam ho ga to hamain loss k b chaces kam hun gye
Cesar is not, in fact, dependent on the reduction of the number of the result, with the help of the opposition are close to instead use the Pivot Table, the number of workers to find potentially allows to reduce or even consider the result. I am an investor a scalper. It is therefore not enough personally, as well as your assets are really good.
Well i know forex is real business and risk so whenever i open trade
i must put stop loss and also take profit limit and that is 25 pips for
stop loss and 30 pips for the take profit so this will secure my position
and i trade well with good analysis and planning
well when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my capitals management rules. i use 2:1 risk & reward ratio.
stop loss is 200pips then my tp is 100pips..
See it vary from individual to individual. small traders like me should kept stop loss to very less loss amount by which you should not get much loss and big traders can keep it wisely by doing some analysis.
It is my own resource, I always follow the stop rules process when I trade in the Forex market, I think that from the Forex trade I can earn good amount of money when I use the profit plan.
There is no perfect point that any forex trader could fix their stop losses or take profits in the forex business. The right sets of stops only depends on actually the way we are trading in that particular trade.
I agree with you, stop loss and take profit that nothing is perfect, because in this trading activity there is no perfection. every forex trader has different habits in determining the stop loss and take profit them. this is what ultimately makes trading activity is not a perfect activityQuote:
Originally Posted by ishvara
i take a step of stop loss at 50 pips and 25 pips for take profit. stop loss and take profit depends upon the deposit you have made on forex trading. forex business is a risky business. so it is better to place stop loss and take profit.