i usually take technical analysis to take open position in forex market.. and after that, i will calculate my risk and rewards.. i usually use take profit 10 and take stoploss 20 pips.. so if price hit my stop loss point, it will not make account MC.. hope my explanation will help you..
For me 20 pips lose per day is enough to set an alarm bell in my mind .i have to set stop loss of 20 pips per trade so that if i lose 20 pips it is easy for me to recover it back in my next trading .losing 60 pips is too big for me.
I usually use a stop loss of 50 pips if I am not sure from the market direction and set the take profit the same , the use and function but we do not get wrong in placing stop losses because sometimes we will always suffer losses
sir jb ap ko trading ka knowledge hoga to ap stop loss bi use kr sakty hay or take profit bi or ap k liy both best ho ga,,
---------- Post added at 02:29 PM ---------- Previous post was at 02:25 PM ----------
sir ap ko jb trading ka knowledge nhe ho ga to ap trading nhe kr sakty hay ,, or agr ap ko knowledge ho ga to trading achi kr sakon gy,,
There is no perfect preclude decease or need gain in forex industry unless You are an ravening scalper. The cease exit ofttimes varies for all positions. Mostly the forestall red and the construe profits are set in the support and the action expanse which increases the patronage to be an time saving one.
i calculate the average daily worth range to firmly confirm the tp and sl. i usually got the loss, however i don't hate forex. the fault isn't as a result of market, however as a result of i wasn't disciplined. i'm trading each day, as a result of i gave the signal trading system each day, i need to firmly follow my trading system, however i can also have a target profit and limit losses
I think if we can do our work carefully with a good knowledge and experience so i can stop loss and i can earn a good amount of profit from forex treads.
Before I pretend an organisation in forex,I present reasoning the forex direction foremost.After that,I testament gain orders with quit release and place there.Then I can leaving the marketplace for a while.
A trader should set labial experience and acquire get according to their trading call and acquire butt.It depends on the ratio they occupation in.I dealings in ratio of 3:1 so if I exchange for profits of 60 pips then i set ending going at 20 pips.
I don't think that you can identify an ideal number of pip for stop loss or take profit because this depend first from your strategy and you way of analyzing the chart. Added to this, you should keep in mind , the basics of money management rules because it's the only way that will helps you to make more income day after day. You should have a plan that concern the rewarding and risk that you decide to take because using this method you will easily know where to put the stop loss .