Sir experience is the base of any successful business that same also here here without experience is not possible here. Without experience here loss only. Apply what you learned and study about Forex, for this demo account is available like real trading account. Then you will get the idea of the market, main thing you need to practice and experience.
I always have a plan before I open a position and after I open my position because I never know what will happen in the future price. we just need to anticipate the worst that might happen to our trade. My Stop Loss plan is of course when my Analysis is not Valid anymore or the Trend suddenly changes it Direction. and a piece of trade if the trendy mart I promote the bottom button to care about passwords is in my favor, but if the market starts then I increase my intestinal perception to say where I have to stop coming out of improper changes, most of these are 15 for the most 30 pips
I think if I consider your example here to make a maximum loss of $ 50 for an investment of $ 100 is too much loss because it is a loss of around 50% and this is not good for beginners on the Forex market. For me, I hate losses and anything higher than 10% is not good for me. I would advise you to try to set your stop loss to 10% maximum loss and then try to test it with your demo account and see which one will be more profitable. But I leave you to your own best methods and strategies. But for me, a 10 percent loss is okay.
The marketplace trend is promoting my pursuit pursuit to handle my bourgeois profits, but if the activity starts then I advance my gut opinion to state where I have to stop going out of a broken trade, most of this is 15 to 30 pips at the most and while trading if the market is trending me forward stopping chases to deal with my constant constancy, but if the industry revolves around I support my gut opinion to tell me where to stop going out of immoral business, most of this is 15 to a maximum of 30 pips
Stop loss or take profit ko hmesha apne Capital k hisab se hi set krna chaye, Me akshr Tp nai lgati hun magr SL 30-50 pips tak set krti hun. Is ka faida ye hai k Agr market ziada pips tak Profit me chli jaey to ap Manually order close kr sakty hain. Jb k SL ko aik limit me rakh kr hm Big loss se apne account ko mehfoz rakh sakty hain.Quote:
Originally Posted by Jazpa
I ususally set my Tp at 50 pips and ST at 70 pips. But i think that we shouldn't set Tp. Because market goes as much as our favor, we would be able to get good profits easily. That's why, Tp is not issue but we must set Stop loss in our every trades. Because Money management is very essential as other thing in forex business.
ager app money mangement ka rule chal rehy hein toh app ko money mangement ke hisab se stop loss lena chahie lekin mien ye khu ga ke hamesha H1 aur H4 ki resistance aur support deakh kr app ko stop loss aur take profit lena chahie
Sir i seldom used stop loss, i just used take profit for my trading , and all can be happen with automatically and it means that i have to see the real condition of the market and then i can adjust my setting and make it relevant and besides it if iwant to put stop loss cut loss is good too and also hedging can lock some losing.
for that I use the risk benefit fix ratio and so far is very good for me. so I work well this way and hope it will be better for me ... like we can use a 1: 2 risk prize if we risk 25 pips so our target must be 50 pips and the location is fast from your objection, stop -Loss under mature support by what I can be honest, then rest support decreases, often more likely, I will declare my personal goals everywhere and also as a result of my personal process certain shopping will be done before the future together with my personal opportunity that you can win together
As long as you are still trading, I am sure you cannot stop your losses, even you are a professional with annual experience in trading. Leg loss is natural and we cannot avoid it. So the most important is how to minimize or how to manage our losses that cannot make you bancrupt in forex and I mostly choose my oder only after analyzing trends. I trade with a 50 pips stop loss and take profitable limited pips. I usually don't profit because I keep an eye on the trade and close the position when I feel the reward is enough on my behalf.