I set the stop losses more than take profit. SL 40 pips and 20 pips TP. Is this the wrong way I am? I worry that a sudden trend, so I put the SL far enough. I do not know a great deal of comparison to determine what the ideal for the SL and TP.Quote:
Originally Posted by Jazpa
in my point of view i put my stop loss near to these levels. if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio.stop loss is 200pips then my tp is 100pips..
mara khala sa agr ap trading main zada sa zada demo account par practice kanra to ap trading sa kafi best traqa sa stop loss or take profit ko used karna sake sakta han main trading main 50 pipe tak stop loss or tak profit used karrta hon or muja kafi profit earned hota ha es tara trading kanra sa.Quote:
Originally Posted by Jazpa
forex trading market me jab tak kisi trader ke pas perfect stop loss aur take profit plan na ho forex market me kamyabi haasil karna us ke liye mushkil hota haiQuote:
Originally Posted by Jazpa
Brother i think you taking high risk in forex trading and 50pips as a take profit can take a lots of time to achieve this target and i don't think it will always work and for me my take profit is 10pips and my stop loss is 100pips so that i can make good profit.Quote:
Originally Posted by Jazpa
The way I put the stop loss order I adopted the strategy of the candle deviant and therefore I place my stop loss above the candle deviant indicator Bollinger and put a stop loss order is very well to keep the account and the capital
I think perfect stop loss and take profit for trading in the Forex market is depend on the account balance and lot size of the trade but normally according to the money management i take maximum 3 % risk on my every trade and by this process i am doing trade in this market.
Stop loss is a risk management skill which should be followed by every trader. I prefer 25 to 30 pips for stop loss. and also 20 pips for take profit. It will prevent from further loss in Forex market.
in trading time tp ,and sl most important thing s for that we have to make plan when we do trade
most of the trader follow it si as a 1:1 an1:2 amd 1:3 depend on it tradser.
I think it's good. I myself use no more than 25 to stop losses. and take profit of 30 to 100, it depends on the analysis and market circumstances. I sometimes do not make trades when the market is crashing, or when I'm confused. iru help me to reduce the risk.