If you don't set stop loss so you can lost your account, profit and slop loss, it will give us a handsome profit or save ourselves from getting a huge loss let alone rice line of market goes long they set 30 or 50 that take profit and stop loss both are very important in forex trading as well my advice if you do not use stop loss and take profit only It was not hit the take profit but made my account zero (00.
I have no idea regarding this stop loss plan because i dont agree on the plan making method of trading because the market is random we dont know whats going to happen today so you have to keep on changing things.
ap ka risk/reward ratio sahi nai hai.ap ko money management k rules k mutabiq chalna parega bhai. matlab ye hai k agar ap stop loss 50pips ka rakhta ho tou target 100pips ka rakho.matlab 1:2. hamesha profit target jo hai stop loss say zayda hona chahye.ya phir agar ap 50pips stop loss rakhte ho aur profit target bi 50pips rakhtay ho tou matlb 1:1 risk reward kehtay hain.
stop loss is a level of your trading if you have more fund and low cast trading your stop loss level will be at your will u will not be forced for stop loss
pips k chakr me paro gey to loss me jao gey wesy jo tajrba kar log hai es ko wahi istmaal karty hai warna new naih new ko loss hi ho ga wesy main bhi new hoo kahbi istmal kiy anaih kar k dekhna bhi niah kiun k techar ne man kiya hai
i think it will depend on condition of market , if the condition is trending we can set big TP and big stoploss but if the condition of market is sideways we dont have to set big stoploss and big take profit.
that just depend on you to set it, i have also thinking that i do not want to use more stop loss on my trading because use too much stop loss it will possible to make me to loss more money, and some time that is not safe for us to use too much stop loss on the forex
my dear me to kaho ga k agr ap 50 pips pe stop loss rakna chiye or 25 pe take profit rakhna chiye kioun k baz dafa trade open karne se market kafi neechey cali jati hy. While for profit i'm usually take the 1:2 ratio for loss and profit, so if i'm setup a 20pip loss, then my profit will be at 40 pips.
when i trade then i use 30pips take profit and 60 pips stoploss stregety.you can earn well if you do well and trade wisly it will be good for i like this buisniiss very much.
Stop-loss and take-profit is very important for a forex trad and a perfect Stop-loss and take-profit can make you huge money and a poor Stop-loss and take-profit can make you loss.I allows set my take profit under the resistance If I am buying and allows set the take profit down the support If I am selling.