am trading................. in demo............ account from last months. i am trading without using stop loss My perfect stop loss and take profit plans are the major Fibonacci levels that re 60.8 and 38.2 levels, i like them and the 60.8 level is much stronger...............but initially i got big loss. so i decide for setting stop loss in scalping trading also. i set stop loss high and low of last three candle.
I think 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. That is a very healthy profit i guess. so that this forex is good for me
jahan tak mari soch hy k main ye janta hon k forex main agr ap ko stop loss istamal karna hy to bohat he soch samj kar istmal karna hoga q k stop loss her bar istamaal nai hotaQuote:
Originally Posted by shah.zoor
bhai main toh jab bhi trading karta hun tab main hamesha stop loss aur take profits ka use karta hun.main apne every trade mein 30 pips take profit aur 15 pips stop loss karta hun.
I am a newbie and I have no idea about stop loss but your opinionQuote:
Originally Posted by Jazpa
is very helpful for me and all newbie. I think you are absolutely right
and we should get skill about it properly. tanx
The stop-loss is also important in the currency trading , if you are not using the stop-loss then you have to bear a big decrease in currency trading. Im using this stop-loss feature for defending my equity from a huge decrease in the marketplace. Im giving 50 pips for stop-loss.
We are need plan on trade, not only to our strategy but to the management. It must be consist to money management, risk and reward management, and emotions management. for me, when i trade i never use stop loss and take profit. I just depends to my money management. I was devide my order become many small lots. All of my open will try to hedging one with another. I know that was not perfect system, but with that strategy, i try to get better result than using stop loss on my order.
mostly select my und only after assessing the styles. I business with 50 pips stop-loss and endless pips of take earnings. I don't usually position take benefit as I keep continuous sight upon the business and near the position soon as I think the earnings are enough for me.
in the forex market i do not take any tension about the setting of take profit and stop loss i just follow the trend of the forex market and read forecast on the daily basis and when trend of the market is clear then i open my trade and most of the time i win here good money by set 50 pips as take profit.
I mostly prefer my order exclusive after analyzing the trends. I change with 50 pips place deprivation and limitless pips of interpret profits. I don't usually square determine vantage as I fastness unflagging eyes upon the switch and finis the orientation soon as I judge the profits are enough for me.