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With 12,000 $ equity you are talking about 5 % profits and i think it is too risky and this profits everyday is not possible as you need to keep in view your losses as well. With 5 % everyday you are talking about doubling your investments in 20 days and thereafter further more in same way. It is unrealistic target.
I just wanted to ask you if you were a newbie trader or a experienced trader and if you are a newbie then you should not be ashamed of trading in cents account as this is the best approach until you are able to make consistent profits.
mujhe lagta hai ki hamein jyada 15 ya 20 pips tak hi stop loss ko set karke rahna chahiye kyunki agar aap short term trading kar rahe hai toh 20 pips tal SL thik hai par agar aap long term trading kar rahe ho toh aap 40-50 pips tak set kar sakte hai.
Which is suitable for any pips stop loss can not be determined because of the unique method of investing your current stoploss. If you are a dealer that the lengthy process of a scalper that you will be seeing. Support and resistance level is set to stop when they lose, they should add the extra few pips. You and your balance on your trading style, you can use according to your stop lose.
it depends on the capital you have and the trading strategy that you make use of ...
its better to keep sl safe and if you can keep or hold losees and you have enuf capital for that then you can keep sl accordingly ..
For me I installed the SL 50pips maximums, to give rooms to moving when there is price volatility. but even though I installed SL for it, if possible untouched and suffered losses, the value is not more than 10% of the capital that I have really !!
The SL that we should set in forex trading does not depend on our account balance, it depends on our trading strategy. LOng term trader and the short term trader does not set the same stop loss in pips when they are trading.Quote:
Originally Posted by fiztrd
Yeah thats very true,price action is one signal to look for,don't place stops where the price is very likely to sweep it and you should take your positions such that you don't risk more than you are prepared for,we need to take positions at support or resistance and place our stops away from them,the number of pips will depend on the strategy that you useQuote:
Originally Posted by Anytime
main jab bhi trading karta hun tab main hamesh stop loss ka use karta hun.main hamesha short term trading karta hun isliye main hamesha 15 pips tak hi set karke rakhta hun aur agar long trading kiya toh main 30 pips tak set karke rakhta hun.
i think in order to stopped the loss or more specific term that underestimate the risk rate is 50 points safe to stop the loss and ithink it is less than 50 points will be higher loss ratioQuote:
Originally Posted by Anytime