personally i let the profits run and also leave the stop loss open, but i do this with the trades am sure of will go my way by studying the market first before getting into a trade.
personally i let the profits run and also leave the stop loss open, but i do this with the trades am sure of will go my way by studying the market first before getting into a trade.
It is true indeed in forex we should have the confidence, because it's full of forex decisions can we take, because forex it is decision-making so that someone will be a success minded individuals than on an ordinary person only, ... because of the attitudes and psychology is very important.Quote:
Originally Posted by Alienpanic
The best stop loss and take profit plan is first to check and understand the market. Then select your strong pair or element and make the trade after checking the market and then set take profit first and after some more analysis about the market set the take profit with minimum margin of loss.
You should perceive how youll realize equities out to trade along with what are the ideal locations out to look ; how out to refine your hot list of stocks ; the value you're willing out to pay to them ; how out to interpret market indicators and exactly how to learn technical stock market reports out to assist you in trading future equities.
i think in the Forex trading business you are right in it and then i agree with you.I am always trade with stop loss and the stop loss is about 30 pips and profit is 50 to 60 point.I am always buy at oversold zone and sell at overbought. i think in the Forex trading business you must be experience and knowledge in it and then you success in the Forex market easily.
THere is no perfect stop loss or take profits in forex trading, we use risk reward ratio + support and resistance levels in forex trading to actually detect our stop loss and take profit for each trade.
Having a good risk to reward ratio of 1:2 is a very good money management plan because it enables your to minimize your losses and maximize your profits. I do use a risk to reward ratio of 2:1 and due to this strategy, i am always on profit most of the time.
mara to aik alag hi plan hy main stop loss to bhot kam use krta ho kio k main new trader ho oar main agr stop loss use thek tra na kro to mari to bid he stop loss par close ho jy ge.aik time asa ata hy k ap ki bid stop loss sy ho kr profit ki tarf a jati hy so ye bhot best hy.
try again to win success race is basic gate of success in Forex market and I am determined to get a lot profit so until that I will do struggle for success because I believe Forex is only place where as you want to get profit.Quote:
Originally Posted by chotasaumar
The educated human mind can frequently outdo a foreigns as an exchanged as a robot.Brief term tradingThis is the place you obtain currency with the goal of the marketing it shortly soon immediately after (generally inside a handful of hrs). The target, of course, is fast revenues !!