Stop lost and take profit should be calculated from our trading strategy because they can stop the order automatically after price hit that value. It more important to use when we are scalping because at anytime price will become volatile.
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Stop lost and take profit should be calculated from our trading strategy because they can stop the order automatically after price hit that value. It more important to use when we are scalping because at anytime price will become volatile.
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Hi forex is the best business in the world and it is very easy business . We can earn money from the forex market easily use the take profit and stop lose . Stop lose and take profit is very important thing of the forex business .
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yes friend stop loss and taking profit need to calculate as well, but for more easy we can just use support resistance as our point to put the SL and TP this will make more easy to place TP-SL because when we have to count and make static 10-20 pips this not effective when we trade near with support resistance line
---------- Post added at 10:56 AM ---------- Previous post was at 10:54 AM ----------
yes friend stop loss and taking profit need to calculate as well, but for more easy we can just use support resistance as our point to put the SL and TP this will make more easy to place TP-SL because when we have to count and make static 10-20 pips this not effective when we trade near with support resistance line
Thanks for sharing your strategy. I am trying it on my demo account and if it gives me positive result then I am try it on my real account. Stop-loss and take profit is the important role in forex market. If you do not know proper placing of stop-loss and take profit then it is difficult for you to get success in forex market. Therefore stop-loss and take profit is the important part in forex.
I also think everyone should use that option. If we set stop loss then we can reduce auto close chance. in this why i suggest everyone they should use this......:rules1:
Take profit aur stop loss ka use karke hum apne profit ko increase aur loss ko decrease kar sakte hai, hum trading karte time take profit level ko set karen yaa na kare magar humen stop loss ko jarur set karna chahiye kyoki stop loss humen heavy loss se safe rakhta hai.
for me i like to use supply demmand line for place TP or SL some times this will take too far but if there are supply demmand i have to keep it until the end because usually the price will move and stop on supply demand line, so this really good place for placing the TP - SL point for my trade