stop loss and take profit is one type of hedging techniques. generally at the time of using this techniques you have to raise your pips at take profit point such as thirty pips and in stop loss only ten profits. as for that you will face less risk and may gain high profit.
it is very important to use the stop loss and take profit on every trade . 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
Good work. My suggestion, again increase your quality as a successful trader in the business world trading forex. I'm sure if you have good management and foresight in the sale and purchase of the profits will go up 100 %. with forex trading you will achieve success.Quote:
Originally Posted by Jazpa
I like to keep take profit in between 50-60 pips and for stop loss in between 25-30 pips you may tell that my margins are too tight but i want to be in a safe side always don't want to loose enough money since i am a newbie here my capitals are also not that sound so i don't want to take much risk.
very nice what you apply of forex trading. foresight and intelligence is necessary in forex trading business. what are you doing right now i think is very good, you are not too big to take advantage, but you also do not want to lose too much. My advice, continue to improve the quality of your in forx tradingQuote:
Originally Posted by Jazpa
I think a bold choice. to refrain from pursuing their advantage too big with this fast a good move for the long term, unless it is experienced and willing to take risks may be greater distance between the stop loss and take profit in broadening but also a greater possibility of loss as well as profitQuote:
Originally Posted by rafiq
Stop lose and take profit is very useful for trader. I use stop lose and take profit every time when i trade. Support and resistance level is very important level for take profit but when trader set stop lose then trader should add few pips with support
Stop lose and take profit is very useful for trader. I use stop lose and take profit every time when i trade. Support and resistance level is very important level for take profit but when trader set stop lose then trader should add few pips with support and resistance level.
hmmm, its good but i think you need to set ur SL and TP according to support and resistance level. Ma tu in points k hisab sy SL aur TP set krta hon aur ye k kuch strategies main SL aur TP us strategy k hisab sy use krni prti hy.
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Its not a good idea to don't post stop loss if you have small capital because you can lose your whole investment in just few minutes so always put stop loss to minimize your risk.
i think the traders decide on the bases of the trend if the trend of the market is the clear then the traders can use he only and more then the 20 pips for the take profit and the stop loss