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for myself i forever open my deal when using the order as to the take profit by 40 points and sotop loss 20 i dont care to firmly what hapen until the result of a order the take profit and even the stop loss well i've opt for forever the smart purpose of enter i feel to the point it is that the half as to the success deal
well, that would be a bad experience, and that i have had that experience myself too. it's far better to firmly use a sl and tp then hope that the trade can hit your tp. if your internet connection goes off generally, then a trailing stop is probably not of abundant use for your requirements.
Setting SL and TP depends on marketplace place.sometimes you can set halt loss to 50 pips only and sometime you can piss it 200 pips.Its all near your cerebrate and market position.
bhai main toh jab bhi trading karta hu main hamesa take profit 20 pips rakhta hu aur 10 pips stop loss rakhta hu kyunki 10 pips ka stop loss mujhe jyada risky nahi lagta hai.
as my opinion 50 pipes is plenty for for sl because stop loss depends on various conditions personally soemtime i pick out 30 pips in addition to sometime also 50 pips and it also depend on market conidition if condition not so good then it is better to us in order to just wait and watch nothin do something.
yes indeed traders would like out to place stop losses based mostly upon their risk out to reward ratio and driven by profits they will need and proportion of capital they will need out to risk. it must out to be set by trader himself before trading
In my opinion that the differen trade use the different method. I think that the most of trader use the 50 pips to 65 pips use the sl. So if you are new then you are select the SL pips is 10 to 20 or select the SL as per your investment plan. We all known the SL is a very good skill in the forex market, so in this ways our money is safe & our loss is min.
it all depends on how op that we sell and we buy the big op that we should use the smaller SL because they are taking in the trade that we have to know how a good strategy and the right to be able to produce clear benefits
well i think its only depends on the strategy of plan and on the forex trading news because forex trading news helps us for calculate the approximate pips at which we can easily apply stop loss limit which may be safe.
The stop loss that we set in forex could be from 10 pips to even 1000 pips.... There is no single set out number of pips that a forex exchange trader could rely on as safe for stop loss.