My SL is depending on support and resisten in my trading sistem. (But not more than 50 pips per trade).
For my take profit, I use 2 OP, if one TP, another OP I use trailing stop min. 25 pips, so I let the profit keep running maximum.
My SL is depending on support and resisten in my trading sistem. (But not more than 50 pips per trade).
For my take profit, I use 2 OP, if one TP, another OP I use trailing stop min. 25 pips, so I let the profit keep running maximum.
the trader is also need to make that planing before they are enter to the trade, try to knowing that where is the safe way for them to put the stop loss on their trading and try to find the good way to enter to the market that is one of the important thing in heretoo
my stop loss and take profit vary and depends on the trade at hand but i like to take trades that will have tight or few pips as stop loss thou i place the stop loss from there and then my take profit is from 20 to 100 pips with trailing stop place at 50 pips while the trade run
Take profit as 50 pips and stop loss at 25 pips I think it is good but some time forex market move fast so you can follow high impact for long profit. Also needs strong analysis and good capital for success this plan.
I have fixed profit in stop loss and take profit tools. I use it as per market movements. Using Moving average and following support and resistance I use take profit and stop loss in my trading. In this regard the profit or loss may be 2 or 3 pips or more than 100 pips.
i think it depends on the strategy that you use, i use many strategies and trade. but mostly i set my stop loss and take profit as 50/50
before invest in the forex analyse the market trend such money invest in it and after make the strategy which is in favour of my or not depends upon the market trend which help to save us from loss
Basically there have no straight rule or system, mostly it depends on your trading trends market situation. So that can be 10 pips to 50 pips if sometime if you can guess for long time trade that can be more than 100 pips.Thanks friends.
I learn from this site actually forex trading is really easy because many people already succes in fcorex trading, so if they can succes, we also can success like them because to can succes in forex trading is depend on our self in control greedy and emotion and how serious in learning forex trading.