well, dear I actually do believe that it 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.
well, dear I actually do believe that it depends on what are the market conditions and what leverage are you using if you trade with risking 1-2% then there is no need to set stoploss otherwise if you risking 5-10% then there is a need to place SL.
the perfect stop loss plan and take profit is I mostly choose my oder only after analyzine the trends, I trade with 50 pips stop loss and unlimited pips of take profits, I don't usually place take profit as I keep constant eyes upon the trade and close the position soon as I think the profits are enough for me
well my dear I personally consider if there are chances of trend reversal i keep on changing my stop losstill it enters in profit region and 25 pip is very less, 75 is good to have stop loss, as after this point market will show trend reversal surely.
ji haan bilkul sahi baat kahi humein stop loss bhi soch samjh kar use karna hota hai aur poori analysis karke lagana hota hai aur sabse achcha tarika support aur resistance level ko dhyan mein rakhkar stop loss use karna chahiye ye jyada effective hai bhai ji.Quote:
Originally Posted by fxearner
my dear actually in forex I believe every prosperous Forex traders are started their Take profit and Stop loss purpose consistent with their trading strategy. Your policy is additionally smart however I continually set 20 pips as my Take profit and 40 pips for my Stop loss.
its hard to come up with the perfect stop loss and take profit in our trading due to the fact that it is very hard to predict the market accurately. We can not be sure if the market will even hit our target profit or much worst it will hit our stop loss first.
my take profit and stop loss depends upon the strategy i take and it is not same for different order and i think this is the way a trading is done and if you set a fix take profit and stop loss order that you are certainly missing profits on many trade but your risk and reward ratio which is 1:2 is quite good.
Forex market kept on your account in order to trade another day because no matter what you are on the degree of experience of the market and even if I've learned all the ways of successful trade and must be infallible on the Forex market and for any reason was because you can not control the things the market,
So you have to stop to put the level of your loss. Accept that ****uated in what limited and reasonable loss of time, is better than to continue in the market for more losses to zero or Call point
forex trader ko hamesha market me jada se jada time dena hoga aur stop loss aur take profit lagane ke liye trader ko achhe se market me such samjhkar chalna hoga tabhi wo stop lossaur take profit laga sakte hai aur trader support aur resistance help leni chahiye.