you have asked an excellent question. Acoording to my experience you should go for 25 pips or 30 pips stop loss and take profit at 10 pips or 15 pips . This will not only help you from bigger loss but it will also help you to keep your account safe from getting washed.
the set of the stop lose and take profit lines depend on the market and in price acceleration,while new time the set of far take profit and close stop lose can brig us more profit and if we lose we can lose a little;in the normal time the set of those line must be stuied according to the resistance and support
For me i will invested this profit in forex trading to earn more and more profit . there is much possibility that you may losses some times but not always . we just believe that try try again.so i want to earn more as a profit by investing more money in the forex trading !!
I always have Plan before I open Position and after I open My Position as I never know what will happens in the Future of the Price. we just need to anticipate the worst thing that might happens to our Trade. My Stop Loss Plan is of course when my Analysis not Valid anymore or the Trend suddenly change it Direction..
MEra perfect stop loss and take profit us waqt hota hey jab main market ko achi trha jaanch karti hun aur yeh har dafa different type ka hota hey jo main yahan bayan nahin kar sakti hun.
my daer agar app ne loss hone se bachna hai to 1 setup ek to agar app ko trade nai ati seekh ley 2nd kay app fresh mind kam kiya karey 3nd lot 0.01 se 0.02 tak use karey oder 1 ya 2 se zeyada mat lagey jab tak app profit mein oder close na kar len
well it all depends on the market structure and the time frame that i am trading at a particular point in time because if i am trading a four hour candle then i will be having a lesser stop loss and take profit positions but if i am trading the daily candle then i know that the minimum stop loss that i could get will be in the range of 70 to 10 pips per trade.
STop loss and take profits are the best options in trading business. because we can not sit all the day in front of our computer screen to watch market but we can control our account by settnig tp and sl. i normally se my Take Profits point up to 30 pips and i set the stop loss also up to 30 pips and so for its working for me.Quote:
Originally Posted by Jazpa
A 70 pips stop loss may be a far better choice. The reason being I ve got a sensation that in case worth pulls past 70 pips, it's going to never return. From expertise, I've noticed worth operate up 66 pips doubly after which reverse in the direction of the prevailing trend. A Fifty pip stop loss might are taken out in this kind of an issue.Quote:
Originally Posted by aadrika
I am trading stretch point so in my extendable constituent trading my honors and endure consonant release is 300 pips. Now day i am trading and learning scalping but i am really can not learn out what is the compensate foreclose failure. I test in present i deed if i swap adjacent to argue and action then there is no demand to set cease exit craft testament uncommunicative with 10 pips pt. so i don't use terminate red in scalping trading but i use down forestall..its stretch me clear if my trade propose in earn.