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Most of us could not sit in front of our computer whole day because forex trading 24 hour market. In this case take profit is a very opportunity for us. It is very best for us to fix our profit and keep away from the market and can do some other works. Successful traders always set their take profit and stop loss.
I believe with my naked trading strategy and I use pivot points to determine how much I should take as my take profit point, and until now this way is work propely and I feel so comfort with this trading style :)
Although I believe, but sometimes I still like to doubt whether the target profit that I set will be touched. There is a feeling of fear if the gains that have been obtained turn a loss. Well, it usually happens because of our lack of knowledge.
I think this will depend on your technique and strategy that you use in your forex trading.when you are trading be concertrate 100%
and focused check fundamental news while opening the trade.
may jab bhi forex trading may work karty ho or may trade neter kart ho to may forex trading may take profit enter kart ho jab may nai bhi ho to mary trade auto close ho jayti hy jab mujhe forex trading market say profit hota hy
Personally when am entering a positon i generally think about the stop lose more than abot the take profit.becaus if your trade is going to be profitable then you can manage the take profit by moding your stop lose upper the price that you took for entry point
yes in the forex if you will trade in the good way then you will get the good profit as compared to the others traders forex is the very good trading and the earning plate form where we can earn the money in the easy way forex also give the good profit
I believe that the take profits is a very important tool that exists in forex trading business. Now we forex traders should all make sure that we learn how to apply it as we are trading forex business.
Yes take profit is a very important tool which I strictly use in my every trade.I am a news trader so I trade mainly when big economic news are released.I never set more than 30 pips take profit.We must learn to set realistic and practical values of both take profit and stop loss.
I use candle stick patter and support and resistance line to determine take profits point, and sometimes I use pivot point too. And this is works well on my trading strategies and my trading results. I hope you can try these too :)