Printable View
stop loss is very important tools for forex trader and if you do not use it in your trades then your all account is in risk and you can receive margin call any time that is why i always prefer that always use stop loss in your trades .:)Quote:
Originally Posted by manav14386
Hello Indian, I want to share with you, Wrong placement means wrong profit or lose. You have no right to take it. Because this you could not go ahead. I hope your best day. So I suggest you to take a right placement for real Forex man. It's have right to take. Also it may not give you all time profit. I can confirm you that All good trader can not earn from all trade. For that you need select a trading psychology. Which kind trade you will play. Scalping or day trading. Than you will select pair, than you will select time frame than you will select overbought and oversold market, than you will select support and resistance market, than you will select you right stop lose and take profit area. Yes take your profit or lose confidentially. I hope your best day. Again I request you Please make plan and modify day by day. You will gain sure.
:)
it is good way and for me I put stop loss under 4h candle on time frame 4h if the candle close over or below the moving average indicator where the moving average value differ from one currency to another
By varying the period length, the Aroon indicator can give long term indications of trend or short-term indications of trend. By default, the Aroon indicator is 25-periods (shown in the chart above), but a shorter time frame could be 10-periods.
We need to practice this strategy on different pairs to be able to know which pairs will work well as it is not all pairs that will follow this simple and effective strategy and then following it with discipline and good trading plan can really give a good resultQuote:
Originally Posted by tibasingh
that is very nice i think i have to practice this in my demo trading to know how to place the stop and take profit and i will like to advise all traders to risk only the amount they know they can afford to lose in the forex market thats what i think
i require to jazz the method of using halt going.how to put it and where shall i put it?swing the conclusion departure in straight part is really measurable.and both installation members told that it break departure to them and added member told that it give lot realize to you.
How to trade place with really very important for us traders to learn. This now means that we have to learn it. If we do not do that, then we will not make the profit you want in the forex business. stop loss will reduce your stress level, and will affect your trading style next
Until my profit remain in my account i think that they remain on the risk. In fact every trader need separte technique to protect the profits.
Profit by mistke is not a profit at all and you cannot earn with conistancy in this way. You have to develop some good system to earn with consistancy.
Succesful traders know that no trader is 100% of the time over the long term,so they always have not only an entry price
and profit target for there trade but a also a price at which they will close out there trade should the market move against them.