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
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
it is very hard to find the perfect stop loss and take profit plan in forex because if the traders will use the good take profit and stop loss plan then big players will see their trades and they will try to beat them with all of their efforts
bro mere khayal se to 100 pis stop loss is the best because market itna move to kr leti ha violate hoti ha jb or agr trend chnge ho jae to stop loss hit ho jae gha,or take profit 30 pip to 50 pips best ha :good:
Depending on your trading style, you can have a certain amount of pips you target as your take profit or stop loss. For me even when i was a short term trader, trading the sessions of British and New york i dont use stop loss. I simply stay glued to the charts watching my trades. I sometimes target 10 pips or 15 pips and i also use railing stop set at 3 pips. But for now, i dont use stop loss or take profit anymore cos they are no longer useful to me as i have changed my trading system to trading long term and this is safe for me.
at first i take my target and then set my strategy. i try to stop loss to survive in the market. to do this i try to trade in the minimal lot because though it is not in the favor of hi profit but helps to stop margin call. take profit is also a part of this strategy. i trade when market is fully volatile and trade in less lot. though it seems the market is in revert but i close when it come back ultimately.
wow thats ..very good ...
i just dont go that .. much .. usually i dont set sl, as i only target 10-20 pips in a trade depends ... i usually trade a pivot .. so just grabs my pips and takes rest .. i want to be safe ..
FOR ME I am always trade with stoploss and the stoploss is about 30 pips and profit is 50 to 60 point.I am always buy at ovesold zone and sell at overought
yes, according to my trading strategy using stop loss and take profit is very effective and safer to avoid more loss. the use of stop loss and take profit also based on the ability of your capital and risk management. for my stop loss should be more far-reaching and take profit shorter to make it easier to get profit
exactly right sir, the use and function of the stop losses are for how we can secure our account of the losses that much, but we do not get wrong in placing stop losses because sometimes we will always suffer lossesQuote:
Originally Posted by hidayat
bhi ap ki baat b theak hy lakin bhi mujy lagt ahy k stop loss ap ko us waqt he lagana cheya jab ap k pass 1 bohat bari investment ho q k stop loss ki waja sy ap ko loss kam hoga .Quote:
Originally Posted by weekager