What is your perfect stop loss plan and take profit plan while trading?

For my understanding the best stop loss to be put is 25-30 pips against the buy or sell lot that we has opened. Its also can minimize the loss of our capital. Stop loss is the one element from good money management procedure.

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Originally Posted by x2-01

well i don't use stoploss i only use take profit and most of time my trade hit that target i wait for right time to open trade and it is a good for me because i walk slow but steady and safe.

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i think this is a very nice way of trading in forex. i think you got the way of emotionless trading method. i hope you can make very good money from forex. this is a great way of trading what you doing. opening a reasonable trade in the right signal and some waiting will must give good profit to you. i also try to follow this type of trading than to making haphazard trading.

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Originally Posted by ishvara

No single number of stop loss or take profits is for sure in forex exchange trading. But it is the risk reward ratio that decides which number of pips that we are to risk/target in the business of forex trading.

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and all can also depend on the strategy that we use to trade, because every strategy will take into account the risks and the comparison of different gifts. but nevertheless each strategy will be good when always use stop loss for the trade. because the stop loss will help minimize the risk of loss as well.

I think everybody depends upon his own strategy to firmly make stop loss and take profit points.. on behalf of me i refer in the resistance and support lines and take a look at to utilise a few indicators which could help me in creating this there absolutely really undoubtedly are a great deal of indicators make it easier to to firmly place those lines, additionally macd and rsi are smart

several traders erroneously believe if these place a wider stop loss on the trade these can essentially increase their risk. similarly, several traders believe that by employing a smaller stop loss these can essentially decrease the risk by the trade. traders which are holding these false beliefs are performing therefore simply mainly because they don't perceive the plan of forex position sizing.

forex trading karte wakt is bat ka khyal rakha jae k app k pass is business k bare me complete knowledge he jab ap k pas ksi kam k bare me malomat hon ge to loss ka chances kam hon gay or profit k zeada chances hon gay

kisi bi business main loss ko ki planing ye hai k hm apne exprince sy kam ko shoro kre trading main profit hasil krne k liye ye hai k jb ham loss ko apni planing sy rok ly gy to hamin profit khud ba khud hasil hojyga.

forex trading businiss main agar hum loss ko rok dyte hai to hume profit hasil hota hai or is k lye humare pas knowledge or expernce ka hona zada zrori hai

per my knowledge i continually set 100 pips as my stop loss target and that i too use 200 pips as my take profit target whereas trading here as basically i make use of the long term trading methodology that will be why here in forex trading.

stop loss and take profit is definitely style of hedging techniques. typically for the time of using this techniques it is important to raise your pips at take profit purpose like thirty pips and in stop loss no a lot of than ten profits. as for that you may can face less risk and might even gain high profit.