yes absolutely my dear I definitely do believe that when you trading there are some you have to consinder that is you have to make sure that the goals that you have i the planned that you used there is something that you have to make sure that you have done in the best way possible.
Ji ha dear forex market me hame safe trading karne ke liye stop loss aur take profit tools bahut hi jayda faydemand hote hai aur hum enka use karke good trading kar sakte hai vase mai 50 pips ka stop loss aur 100 pips ka take profit rakhker trading karti hu.
Determine our take profit and stop loss perfectly is very important. It will determine our profit, whether we can maximize our profit and minimize our loss or not. I learn my chart and history day to know the perfect stop loss and take profit based on my trading strategy, and my trading plan to maximize my profit
i never use any fix pips value for setting sl and tp .actually it always depending on the analysis method and strategy we are using but normally i can use in scalping 15 pips scalping and for long term trading 50-90 pips of sl for getting 50-120 pips tp.
I like to use dynamic stop loss and take profit order, i mean sometimes my stop loss is only 20 pips, sometimes 40 pips or more, depend on the situation in the market, and it is the same with my take profit. But i like to use the same risk in every trade, 2% risk per trade. Then i wll determine my stop loss and take profit based on my risk
stop loss aur take profit bohat important tool hai forex mein aur aap har trade ky sath stop loss aur take profit ko lock kar diya kary har trade ky sath aap ka account bi safe reh ga is tarah karnay sy risk bi kam ho jata hai is liye aap ko in tool ki samaj aur use karnay ka method ana chaiye.
forex ke business me trader ko perfect stop loss aur plan market me use karke he chalna chahiye,trader esme ache se market me sabb jaankar he apne liye acha kar sakenga,trader ko esme ache se apne tradin help lena chahiye..
dear ap stop loss aur take profit ko apnay mehtod k hissab say rakh skty hain ap agr chota time frame use kr rhay hain phr apko sl aur tp chota hoga aur agar ap bara timefram use krty hain phr apka sl aur tp bhi bra hoga ab ap pay depend hay k ap kon sa use kerty hain
Take profits and stop loss plans varies for different trading strategies, but the most effective way of setting stop loss involves the use of support and resistance or pivot points as this are key Ares that traders pay very serious attention to and price breaking through them will signal extension.
My plan for stop loss plan and take profit when I am trading is when I think that have a chance to lost that trading I immediately stop the trading and take the profit. Maybe is not the very good plan but many times for me help me to take profit.