First I look for support and next resistance.
I stopped my stop loss near this level.
If the support and resistance levels are too high then I follow my money management rules.
I mostly choose others only after analyzing trends, people who do not follow the strategy are definitely wrong,
because this is a trading business without a plan and a good approach no one can succeed in any business king.
Forex is a great business but requires some effort to improve it more.
forex ke business me stop loss or take profit importance part hai trader ko achhe se market me analysis karke stop loss or take profit ka plan babani chahiye esse trader ko kaam xe kam loss hota hai tabhi sahi se kaam kar sakte hai.
hmm ashe stop lose use krke ashi success make kr skte hein isme koi dout nhi he sabse asha stop lose wahi he jab aap ekbar ashi trade shuru kroge to aap isko kabhi shor nhi skte me alwayse forex krna like krta hun je mera favrout business he bhai
hellllllllllllo guys Since i am a short term trader i set my SL and TP nearby. I set them in the ratio of 1:2 it"s a good strategy should everyone work like this
As a rule, my stop loss is greater than my profit taking.
It's like this because I'm more convinced of my talk but if
there is unpredictable volatility then I will give an allowance for it.
If however, the trade goes bad then stop loss will help me keep it.
I am always satisfied to take profit as much as 50 pips and stop loss 25 pips.
So far I am successful in doing good trading.
I am always satisfied to take profit as much as 50 pips and stop loss at 25 pips,
forex market is dynamic, so stop loss and take profit I also dynamic,
no fix depending on market and price movement.
Every day will have a different price movement, so good with my SL and TP
For me . I put the sl double points than the tp points and will move it later to enter point when the trade gaining .
Good, good, bro. stop loss and make profit are very useful for trader traders who use this when they can not use trading
I think that 50pip is enough to stop loss and make a profit.
I really agree with your post.
In my opinion because the experience is like that because stoplos and taking advantage are just as important,
stoplos are important points to limit losses. Happy trading, friends.
I agree with you .. but for example we do not measure much to fund Forex then we can go for hours. some monger hot jobs appear with continuous background on the computer. they can organize their non-conditional trading system to sit many clips in the cheater of scheme. I also trade in durable goods and learn unwarranted elements. In my lifetime trading terms I use stop loss but in trading scalping the word mulak I do not use forestall red.
although I use a robot, I've placed a stop loss
in every open position and an order cut loss if
my total capital reaches the limit that I setup. As for profit I usually take 1: 2 ratio for loss and gain, so if I prepare 20pip loss, then my profit will reach 40 pips.