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

Take profit and stop lose is very important part of forex trading. I also set stop lose and take profit in my trade. I think most of trader are also set take profit and stop lose. I set my take profit bigger then stop lose. When market move my take profit i move my stop lose too.

Many traders erroneously believe that if they put a wider stop loss on their trade they will necessarily increase their risk. Similarly, many traders believe that by using a smaller stop loss they will necessarily decrease the risk on the trade. Traders that are holding these false beliefs are doing so because they do not understand the concept of Forex position sizing.

i have made a few mistakes of taking a definite number of stop loss. it supported my money management plan but later on i realised after getting stopped out that i should have put it near the support and resistance level..nevermind. i am learning..

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Originally Posted by chaya12345

Take profit and stop lose is very important part of forex trading. I also set stop lose and take profit in my trade. I think most of trader are also set take profit and stop lose. I set my take profit bigger then stop lose. When market move my take profit i move my stop lose too.

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I always set up the stop loss in all trading sessions I, though I still continue to monitor the chart, but the setting take profit when I plug it in and often times not to allow me to easily manage when to take positions take profits, and with a strategy like this I feel comfortable although I still often loss

I think you should take 50 pips SL and 25 pips for profit . because if sl is high than you can trade more time . and i suggest you to take 1:2 ratio when you are trading

in my opinion Take profit and stop lose is very important part of forex trading. I also set stop lose and take profit in my trade. Im giving 50 pips for stop loss.

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Originally Posted by aisya

I always set up the stop loss in all trading sessions I, though I still continue to monitor the chart, but the setting take profit when I plug it in and often times not to allow me to easily manage when to take positions take profits, and with a strategy like this I feel comfortable although I still often loss

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I also always stup and determine the trading stoplos stoplos although sometimes we are moved by the market sometimes when we open a trading position at the other and other times it can be passed back and mlahan that already exist and be profitable, this is what we must remember always as a trader where we touched stoplos although we still can profit by trading and in fact we can achieve success without stoplos imagine if we would run out of capital and hard to be trading again, I usually stoplos TP is 35 point and now it is 15 points with harafan can TP touch immediately before entering SL.

you will have a plan that will determine when to get out of the trade if it does not go in your favor You are a disciplined trader that always follows your plan . Whether you use a mental stop or a physical stop, you will always want to exit the trade when you predetermined plan tells you to

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Originally Posted by aisya

I always set up the stop loss in all trading sessions I, though I still continue to monitor the chart, but the setting take profit when I plug it in and often times not to allow me to easily manage when to take positions take profits, and with a strategy like this I feel comfortable although I still often loss

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Each day trader can certainly know that almost all marketplace records. Highest excellent trader tend to be morning trader. Trading is simple after that additional fx trading approach. Nonetheless want practical knowledge to create achievements.

I do not deal stop-loss orders, but I use a stop loss order is moving very well is help me to get out of the deal Bmaxb even if a small but do not make me get out of the deal without losing anything, or I work it and I advise everyone to work by