I believe that the trader should use a stop loss very close to the opening price and should change it towards the profit zone when possible. The stop loss must protect capital from unpredictable market fluctuations. Price movements are mostly unpredictable and therefore caution must be exercised.
bhai mein mein apni trading mein stop loss or take profit use krta hoon but hamesha stop loss or take profit ek jesa set nahi krta kabhi mein 70 pip tp rakhta hoon to 30 pip sl use krta hoon kabhi 50 pip tp set krta hoon to 20 to 35 pip sl use krta hoon
main take profit aur stop loss k darmian 1:2 ki ratio rakhta hun jab bhi trade karta hun ye bohat acha risk riward ratio hai aur ye money management k mutabik hai . 1:2 se murad hai k agar main ek order lagata hun to us main agar mere order ka stop loss 50 pips hai to main us ka Take profit 100 pips rakhta hun.
I agree to use take profit is greater than the stop loss. The comparison is if Stoploss is 25 and take profit 50 then if we make trades 10x and our profit loss 6 times and 4 times then we will remain profitable.
perfect stop loss and take profit plan is that you shoul get in tuch of market and see where market is going into our favor and e=where we are going to get loss there we should stop our loss and get profit from it
Forex Trading main trader ko perfect Trading ky planing krna hy aor Trader ko chhy woh Trading main take profit ka use kia kary aor Trading main stop loss ka bhy use krna important hy is tarah sy Trading main success hoty hy aor loss nhy hota hay
Market mostly moves in long ranges than that, but you are lucky if you are getting good results from it always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves then follow money management for your trading
newbies have lack of knowledge, and maybe some of them do not know from where have to start it, so i hope that some of them will understand after read some threads or comments that recommend them to learn themselves, to know their own characteristic and how to control it besides learn the basic of forex trading or develop it, so you are right, this process will need a time and there is no instant way to make them understand in a short time
Forex Trading main Trader ko stop loss and take profit kay points thek place krny hain aor Trader ko chhy woh Take profit ka point bhy 30-50 rkhy aor Forex Trading main stop loss bhy 30-50 points pr rkhy is tarah sy Forex Trading main Trader ko good earning ho jay gy
Stop loss placement is very much important while trading in the forex market as you will follow the money management by doing that and you have to make it habit to follow it so that you can easily gain consistant profits from your trading