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I think traders should set stop-loss and take benefit according to their dealing design and benefit focus on.It relies on the rate they business in. I business in rate of 3:1 so if I business for earnings of 60 pips then i set stop loss at 20 pips
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Stop loss is also important in the forex trading , if you are not using the stop loss then you have to bear a big loss in the forex market. Im using this stop loss feature for protecting my equity from a huge loss in the market.
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Hi....25 pips is a bit of very tight. stop loss.. Price mostly. moves in long ranges than that.. but.. you... are... lucky if you are getting good results from it. I always set the SL and TP nearest to. the support. or resistance level and ofter alter it as the price moves on...
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I am always dp forex trading with stoploss and the stoploss is about 30 pips and benefit is 50 to 60 factor.I am generally buying at oversold area and i always take benefit here.
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forex is popular business.well when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio.
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when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio
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loss continuously there must have been the cause, try our correction of ourselves, and find out what the cause, is it because our analysis or indeed we could not match the trading business. From here we can take the next step and do a conclusion..
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i think forex is a good for us if we manage here our money well and read forecast on the daily basis then we can win here very easy and fast money in the forex market, we should always need to win here nice and easy money good plans give us good money in the forex market.
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SL and TP that i used is very dependent on market conditions at that particular moment. Sometimes I use a 50, sometimes 100. I base it on a daily support and resistance calculations. More specifically, it is based on the calculation of Fibonacci levels.
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i'm using spiders, i've already put the stop-loss in each start place and a cut reduction purchase if my complete investment is attaining the restrict that i arrangements. While for benefit i'm usually take the 1:2 rate for reduction and benefit, so if i'm installation a 20pip reduction, then my benefit will be at 40 pips.I am always business with stoploss and the stoploss is about 30 pips and benefit is 50 to 60 factor.I am always buy at ovesold area and offer at overought.
