bhi forex main stop loss lagany k leya sab sy acha plan ye hy k jab ap trade lago to pips ko dhak katr stop loss kaga do aur stop loss bari trade main lagta hyQuote:
Originally Posted by weekager
bhi forex main stop loss lagany k leya sab sy acha plan ye hy k jab ap trade lago to pips ko dhak katr stop loss kaga do aur stop loss bari trade main lagta hyQuote:
Originally Posted by weekager
I do not interesting to stop loss plan i set take profit 20 pips and do not set stop loss because i know very well forex trading my investment is big and not chance to fail in forex trading.
i think we should need to work hard on the forex market and without forex trend we should not need to open our trade, if trend of the forex market is clear then if we open our trade then we can win here very easy and very fast money we should always need to work hard and set stop loss at 150 pips and take profit on 100 pips that is good in all cases.
I am always set my stop loss using candlestik pattern with H4 time frame and support and resistance. So that I set take profits on my trade using that strategy
In Forex trading there comes the question of settling stop loss plan and take profit plan. A good trader does it very cleverly and perfectly. Other than it, the trader may fall in danger in trading. As a trader I use it very carefully. I think 10% is well to do for me as a new trader. That is, I like to 10 pipes for stop loss and 10 for take profit.
We must remember greed will always be present even if you are an old trader already. we need to control and master greed. I have learned that it's much better to be patient than to be too greedy to want to earn fast. I can avoid making the same mistakes by controlling greed and would try to recover my loss ****ually.
If I were a company, regions and resistance at first sight open. Stop-loss is that levels. If excessive resistance levels and the General and follow my Management. I am not dominated by money to enjoy trade and stick to it constantly check his position, when, in my opinion, the benefits are not enough for me.
Buddy stop loss and Take profit both option are very important in Forex, specially for that trader they don't have much time to shit in front of system , and sl and tp set depend upon on market and position.
while trading if the market is trending i prefer a trailing stop to manage my profit factor, but if the market is ranging then i prefer my gut feeling to tell me where to put stops to get out of a wrong trade, mostly this is 15 to 30 pips at most
For those traders who like to practice the "have a bunch, bet a bunch" style, this approach may be quite interesting. As you can see, money management in FX is as flexible and as varied as the market itself. The only universal rule is that all traders in this market must practice some form of it in order to succeed.