stop loss is the best tool in the forex market it saves us from big loss, and take profit also so when we open new order to do trading then we have to give stop loss as viewing our capital, we should study the trend of the market movement and then we have to manage accordingly, so stop loss is too essential tool for saving the capital from heavy loss.
usually i trade in gold and silver and i never applied stop loss take profit i apply according to the market situation in otherwords ihave no plan in this regards
I believe determine the away to stopping lose and Fitted benefit during the period which we use the more period over the course Take Profit and Stop loss or vice versa so Because in a demo account there no loss but there no profit only If we can stop our loss then we will able to male profit easily till we should use stop loss and take profit stop loss and take as profit is critical to the success of our trade and to make our account to avoid large losses
Hi dear traders it s good to see you again well answering that question for me i have nno plans for stop losses because i keep track of my trades always you may say im the loss stop and take profits
can have the good management money n palling trading i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio.
can ame the good tp n ration trading i've already put the stop loss in each open position and a cut loss order if my total capital is reaching the limit that i setups. 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.
I always set the SL and TP nearest to the support or resistance level EA trade in auto he set sl and tp its self if we are going to change then its can accept that change if EA is runing. and ofter alter it as the price moves on.
As we know that forex online trading business is a best source of income and there are a lot of peoples are earning from this trading let alone He will always want that he stop the loss but it is possible with good work in market as if but take profit is much more important to use as a lot of pairs reach a high level then it starts to move in the opposite profits is a automatic tool that closes the trade when reached the targeted profis and stop loss is as automatic sytem when it has reached to the desired taking losses
Market ka kuch pta ni hita kab kia ho jaey mre khyal stop loss or profit boht achy options hain hm ye lga kr kahin b aa ja skty hain or tradind to khud hi ho rhi hoti hy
Where you place your stop loss and take profit depends on your system and you have to know these from demo trading and anything bad happen which do not go in your favour This is an order of excellence because with out this order you can't think to be stable in this trade take profit has secondary Importance and one can expect to survive with out this let alone usually most of time stop loss prevent my big loss and ensure to minimum loss and other wise take profit is another profit taking method for us