My way of placing stop and take profit!

A great way to reduce losses to the maximum extent and give a big chance and opportunity to make profits based on 10 points down always give you an opportunity to increase

Before placing stop loss and take profit, we have to know the limit movement characteristic of the pair we want to trade with. It is very important to reduce risk your stop loss get hit so easily. After that, you need to know daily resistant and support with possible sideways. You need to know what would be the news during the day and tomorrow. If no big news, you could find out the best spot to set your stop loss and take profit. That's what I do. I put stop order instead of stop loss, because I use hedging to limit my loss.

Nice tips, particularly the one concerning the psychological level. it's terribly effective as a result of most traders place their take profits at major levels like 00 and minor psychological levels like fifty. this suggests that they're going to guarantee push the value to achieve this level before taking profit. but your take profit and stop loss ought to naturally approach your entry and risk to reward allowance.

I always use stop loss and take profit in my trading. I always use 1:2 for my profit. But i follow the money management rules. we always have to follow the money management rules. You don't have to more then 2% of your trading capital in one trade.

my dear in my point of view the answer of that question will be such that forex is a good business. yeh boht ashe tips hain for the begnniers and also for other trader but my way is different then these tips i only depend on my luck and invest

its depend to brace what i select to trading in that day, for USD/JPY i e'er sort kibosh exit its 20 pips from spot and variety point is 15 pips, because USD/JPY move not realy extreem.

orex forum india instaforex me aisa kuch nahi h ha k agar ham forex trading ko samaj ap ko ka bous ko karo gay aur iss business main karta ho sirf luck per depend ham bohot and wealthy rehna pade ga kion pata chal jay ga ke.

Along with considering that stop loss should not be bigger than the target we should ensure that stop loss is set at a level which is considered strong and market is not going to reach that in normal conditions, also target should be such that is expected to hit and it should look difficult to move market much beyond that target.

I often refer to the area as a round number. area will be stronger if it had been in the test into the support / resistent. area normally used as a round number instead of laying place limit orders to trade. so, we can use a round number as takeprofit for our entry, or as a position limit orders that we will do

yes i do the same in my stop loss positioning but that is not the only factor i calculate my stop loss point it's important to be away from psychological prices but i put into consideration the following also when i consider putting stop loss 1 - support or resistance points: if there is a support point i place my stop loss beneath that point by 10 pips and for resistance point i place it above it by 10 pips ... in addition in some situations and this happens during hedging ... i place my stop loss for the loosing trade just at the take profit of my hedging trade or may be before it if i was sure that my hedge will get to the take profit point otherwise it's loosing strategy