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forex is a very risky business and loss is very common matter .we should stop loss but we should needed some tips the first tips is learning forex trading then good planing and the most important things is control our emotion and greed .
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good
:respect:Let me described well when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio.
stop loss is 200pips.,
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stop loss and take profit are the tools which are provided by the forex forum and it depends on you that how able are you to trade properly and in this way you will earn profit in the form of money and you will be happy and relaxed watch the market carefully and make a proper entry into the market do not make in a hurry but do not take more time and in this way you will become a good trader.
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I take profit on pivot point lines support and resistance and also my stop loss is usually hiding some pips above or below the immediate support or resistance line from my trade entry point. Usually 10pips on top of resistance for sell and 10pips below support for buy
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i try to keep my stop loss at least 50 pips and take profit about 5 to 10 pips. it is only my own strategies. it very from trader to trader. stop loss and take profit are two important part of forex trading. both of two make strong our capital and also save it. if you open an entry in forex trading without using stop loss and go outside for long time without close your trade it can be bring a huge loss in your trading even kill your balance.
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we tarde and earnignw el a bit of very tight stop loss. Price mostly moves in long ranges than that, but you are lucky if you are getting good results from it. I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on.
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bhai Jan stop loss ap ki strategy ko dakh kr lgaua jata hai agir ap long term trading kr rhy hin to stop loss bhi Kong ho ga or agir short term trading krty hin to ap ko 25 -30 pips ka stop loss use krin gy
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Stop loss and take profit is best tool in the forex business. I am work the market shirt term trade. I am try to use the stop loss and take profit regular. First reason my account is safe. If I am face the loss. I am recover it. I am set the Take profit and stop loss ratio is 1:3 or 1:2. According yo my plan.
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forex ke business me stop loss aur take profit ke liye plan banana bahut he jaroori hai,trader enke levels ko jaankar he market me ache se trade open kar sakta hai,trader ko esme analysis market me pehle he karlena chahiye..
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dear stop loss aur total profit to hamesha har koi apni method k mutabiq set karty hen mein support resistance method k tehat trades karta hon aur isi k hisab k mutabiq stop loss aur tp lgata hon koi specified use nhi karta