Is it really feasible to create a living as every day traderThis question is requested over and air max over and over once again by standard, common men and women. The solution is straightforward: Yes, it really is Undoubtedly possible!
Is it really feasible to create a living as every day traderThis question is requested over and air max over and over once again by standard, common men and women. The solution is straightforward: Yes, it really is Undoubtedly possible!
I be satisfied get earnings as 50 pips and stop loss in twenty five pips. So far I will be prosperous making beneficial positions. Exactly what are the purchases?
I'm usually usage stop-loss in foreign exchange industry. I am take benefit at 40 pips and stoploss 25 pips. a bit of your time pattern just weren't excellent for me or towards me then I am getting fast choice and get little benefit.
No perfect for setting stop loss and take profit. Because forex market always change and we will only make SL and TP base on our experience for trading. It will be better if you can learn about PA for set SL and TP.
An expert trader normally set stop loss and take profit according to his or her trading style and profit target.It depends on the ratio they trade in and the account .I trade in ratio of 3:1 so if I trade for profits of 60 pips then i set stop loss at 20 pips.
You are setting your stop loss half than your take profit. This should not be done because there are more chances that your trades will hit stop loss more than take profit. So it is better to change your stop loss to same level as you used to set take profit.
Aap kay liye ye zarori naheen kay apa har order main apny stop loss ko take profit say half par set karo aap nain stop loss ko market condition kay mutabiq set karna hay aur agar zarorat parry to aap take profit kat equal bhi stop loss set kar sakty ho.Quote:
Originally Posted by rebate lover
It all depends on the entry point and if the entry is a confirmed entry the stop loss can be wide and up to 200 pips while if it is a risky entry,then a 20 pips stop loss can do and take profit of 50 pips is still good as well
for me,,, Stop lose and take profit is very useful for trader. I use stop lose and take profit every time when i trade. Support and resistance level is very important level for take profit but when trader set stop lose then trader should add few pips with support....
Most trend analysis only after I choose my oder. I trade with 50 pips stop loss in pips gain unlimited. I usually do not write it as a profit on the trade is kept constant and the place soon as I think it is close enough for me.