i mostly concentrate on my trade first with out placing stop loss or take profit because i believe on small trades.but when ever i open a long trade then i always place more then 500 pips for stop loss and 400 pips for take profit with the volume of 0.01 in gold..
I choose usually the control of movements of soon-to-be true. I suggest 50 points to reduce profits and also the infinite points. I don't think I the location gains in general use when I go to the actual operating costs of the face close to the store and also the positioning will quickly, because I think that the result is usually sufficient.
must be Greater than the amount of my stop losses or at Least equal to the stop losses but useful thing is take profit in forex market and trading business You have to know where to make sure how many point That
Where you should place a stop loss or takeprofit should be determined by the trade and what the trader wants. It is better to study the market very well before deciding where to place a stoploss or take profits order. However, it is important to place a good and tight one. One of the first criterion for placing a takeprofit order or a stoploss order is the size of your account and the structure of the current currency pair market. All this is actually the basis of forex or margin management which every forex trader must develop and start practising..........
Sir main ak new trader hu is forex business me or mari is market me investment or knowledge dono hi kafi kam hai , is liye main mari trading karne ki time par koi bhi jayada risk nahi use karti hu , main jab bhi traded karti hu to market ki movement par depend karke hi hamesa 5 pips ki change hone par hi apne traded me take profit or stop loss ko use kati hu . take mare profit kam ho but loss jayda na ho .
25 pips is a bit of very tight stop loss. Price mostly moves in long ranges than that.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.
bhaiya ji waise to main fix stop loss ke sath mein hi trading karna pasand karta hu hamesha main 30 fix SL laga deta hu isse jayda SL ke sath trading karna main kabhi bhi pasand nahi karta hu SL ke sath hi trade karna chahiye
sahi kaha apne 30 pip sl fix kafi accha position hai aap agar ise apne strategy ke hisab se rakhte hain to fir aapko sl hit karne ka samna nahi karna padega par agar market jyada hi mud kar aata hai to sl jarur hit hoga par kabhi kabhi technically market 30 pip tak ka deviation dene ke baad wapas aata hai aur tp hit bhi karta hai bhai. :)))Quote:
Originally Posted by fxghost
It depends on my trading system but as a long term trader, i use a very big stop loss and a bigger take profit. Using a big stop loss gives the price the room to come to your desired direction. That is why i widen my stop loss.
i did want to share my plan of success through which i am earning and stop loss in the trading because it is too much confidential to me and i am too much serious about it too do not share your strategy of your business