If i will start the treading then i will must us the take profit i will not use the stop loss my senior advise me some time market goes up after some point so stop loss is not better.
If i will start the treading then i will must us the take profit i will not use the stop loss my senior advise me some time market goes up after some point so stop loss is not better.
While trading if the market is trending i prefer a trailing stop to win my benefit constant, but if the industry is ranging then i favor my gut belief to swan me where to put stops to get out of a condemn able merchandise, mostly this is 15 to 30 pips at most.
Actually i also think that its not a good idea to don't post stop loss if you have small capital because you can lose your whole investment in just few minutes so always put stop loss to minimize your risk.
hanji stop loss ko tabhi use kiya jaata hai jisse trader bade bade losses se bach sakein lekin esme pehle bahut analysis karna hoga kyunki esko galat use karenge to ess tool ka koi bhi faida nahi hoga..Quote:
Originally Posted by fxghost
I use stop loss and take profit in all my trade. I only check my risk reward ratio if it is good for me i go on with the trade. I use them so i can have rest of mind in my trading. When am not online i already know what am going to loss or gain in the trade. So there is no tension or emotion running high for me.
Mar khayl sa mar yar forex trading ke job ma stop loss aur take profit mar khayl sa hum planing wo karna chata jab hum trad point lagana chay
I believe this just depend on you to set it, i have also thinking that i do not want to use more stop loss on my trading because use too much stop loss it will possible to make me to loss more money, and some time that is not safe for us to use too much stop loss on the forex.
I am constantly utilize the stop lose. in first whenever i open the actual trend, i evaluate the actual market first. after that i take the actual stage. i utilize the 25 pips and the actual profit wave is actually fifty in order to be able for you to help 60 points. after that i maintain continuous my eye on the actual trend.
I mostly choose my oder only after analyzing the trends. I trade with 50 pips stop loss and unlimited pips of take profits.I keep constant eyes upon the trade and close the position soon as I think the profits are enough for me.
i always start trading with stop loss i set 30 pipes for stoploss and for profit set 80 pips i am earning good profit regularly