Use of take profit tool.

yes true, indeed TP and SL are part of trading is very important, because it is the restrictions on our trade. using TP and SL, it will make us better trades and more secure. especially when we can not fully monitor the position we are open. SL and TP is very important to maintain our position, so that no matter where the price moves, we are still safe, if the position we've been using TP and SL.

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Originally Posted by alecander

take profit may be a terribly useful tool for our particular trade thus that we both avoid greedy nature, where we are able to verify what number pips the target that we both build the trade therefore we use this tool out to limit our profit targets, thus we tidaqk greedy and invariably expected profit therefore we really lost a large amount of profit that we both will as costs reversed course....

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We can use many kind of tools as Take profit e.g, i think nobody in these world that succeeds right away and a winner from the very beginning and it takes time to be a winner, sometime we have to experience a lot of failures before we reached our goals in life and that includes Forex.

very useful in my view because whenever i analyse the market and make an entry i always use tp to take the profit otherwise you can take dodge by trend reversal. My method is to analyse the market at your best and put tp and sl and forgot that trade. You should manage your account margin

I use take profit if I haven't a free time to watch the market. Take profit could be a vital risk management strategy it's accustomed lock our profits.Sometimes market changes its direction when hit my tp level.Without tp settings we tend to could even miss the profit that was ours before the modification of market trend.

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Originally Posted by anubhavsingh

take profit forex ka sabse zaruri tool hai..is tool ke zariye traders apna profit fix kar lete hai aur uske bad chhae wo forex ke samne ho ya na ho..unki deal apne aap hi unke set kiye hue rate pe kat jati hai

forex me tarders ko isse hamesha use karna chahiye kyunki ye money management ka bahut zaruri hissa mana jata hai

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sahi kaha take profit aur stop loss laga dene ke baad trader koi aur work ya fir kahi aa ya ja bhi sakta hai, main hamesha dono tools ka use karta hoon, lekin main hamesha money management ke hisaab se hi trade karta hoon.:)

The reason why we are here in this market is to take profit. The main purpose of take profit is like setting a level where you believe, perhaps with your analysis, that the market will reach. Wheneve the market touches that level it will add profit to your account automatically.

These are very useful tools.i know the important of this tool. I save lot of time my capital.it's very importants for new trader and also to be small account holders traders.These tools involve the directly or indirectly success of the traders.

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Originally Posted by titaneyethree

We every body joined on Forex for making profit. And my profit strategists buy in a less price and sell it on a high price. Though Forex is a currency marketed the main activities of Forex is buying and selling currencies. So it si my best profit tools i think.

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yes everbody playing forex just one,,,that is to multiply their money,,,many trader with small capital can making more and more money at the end of the month from this forex bussiness,,,but we know to do that we must learn before....everything about forex trading,,,

Take profit is one such good feature which is available in the MT4 trading terminal which is available in most of the brokers site. When a position is in profit and if we are unsure of the next market movement then we can always use this feature to lock some portion of the profit. One more good feature is that we can customize this feature according to our need.

We have it and we can target price is set to match your trade at a price that determines how close we close until there is a diffidence pretty much as soon as you close suddenly was good, the market will continue to try Re quote start reversing our trade. Default destination, if the price level created that touch.