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Well it must depend on the type of your trader, and you must set your stop loss according to your trading plan. If you trade in a range it is better to set a stop loss right outside the range than to calculate it in pips. Even for other strategies you should not set a very large stop loss because this can result in large losses if one trade is wrong. and Before I place an order on forex, I will first analyze the forex trends. After that, I will make an order with a stop loss and a target there. Then I can leave the market for a while.
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I use the right indicators like fib to determine stop loss and take profit but I usually enter stop loss 30 and take profit 60 because forex is volatility and do better analysis we can easily reach that level. And I mostly choose my oder only after analyzing trends. I trade with a stop loss of 50 pips and unlimited take profit. I usually don't take profits because I continue to oversee trading and close positions as soon as I think luckily enough for me.
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I don't use stop loss or take profit options because I trade gold just because you know very well that gold is very risky so I watch my complete trade. I do not leave my computer until the end of running a trade at the end of a trade loss or fortunately depends on my luck. and I think it depends on the stop loss that gives traders, but also the wise stop loss is calculated based on wise money management, if I trade around 1-2% risk. so as to minimize losses.
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Despite the fact that I now use the software, we have previously specified specific final damage in every available space, plus purchase. Minimize damage when the total of my own money will reach our specific layout. Even though I am earning, now I usually give Special 1: pair shares in connection with injuries and also earnings, when now I make 20pip injuries, then my own income is likely to be that of 45 pips. and forex trading business ma trading karta waqat itna pips to rakhna chahian ka loss we sa ho ho aur fortunately ziada sa ziada ho. is the investment ka lahaz sa hi reckoning when we meet. take profit so that 50 pips to take profit 25 bhi bahtar ha aur so kuch ziada ho jai for wo bhi theek ha magar is his hona chahia ka loss ki sorat ma loss is able to ho saka aur preshani na ho.
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I actually do not really use or even reduce income, the stakes, the choice, just because we already know that only the precious metal industry is very precious, precious metal is very dangerous and so I want to buy me a whole person and for sale. I actually didn't really leave my PC actively buying and selling before the last arrival - buying and selling related to income or even reduction depends on my personal happiness.
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Honestly, I'm really confused about that. because I can't determine the stop loss function in forex. because I lost 5 times for stop loss. maybe i need to learn about how to determine balance or volume on instaforex. and maybe to stop the losses closest to your support resistance points say kuch pips kay faaslay per rakhta hoon or tarah take profit bhi. So that the phir can filter per month to see the stop loss or take profit from the next point per bhi set the ker kerta hoon
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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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Twenty-five pips is actually a slight reduction in stops really limited. The cost is mainly technical in the long run compared to that, however, you tend to be lucky if you get good results from htis. I usually set the actual SL and TP closest to the level of assistance or enopposition and ofter adjust it since costs have developed.
and If you want your personal perspective, I think we should read more about forex currency trading, we can offer optimal cease to fall and income collection, just because we can really do it ourselves
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Every successful Forex trader is set to take their profit and stop loss points according to their trading strategy. Your policy is also good but, I always set 15 pips as Take profit and 50 pips for Stop loss. Because, prices always fluctuate in the Forex market. I also made a successful trade on Forex with this policy. and I always use stop loss in the forex market. I made brook at 40 pips and stop loss 25 pips. Every discernment measurement is not good for me or against me, so I win fasting fastness and slim postulates to realize.
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I also use this ration in my trade and enjoy its benefits. In my opinion and maybe it's wrong, the safest and most profitable trade always requires stop loss and take profit. Actually the forex market is a fast moving market and we cannot control our trading in this situation but stop losses and take profits to help us in this situation. and I always arrange orders when there is damage because after the breakdown I take more profit, at that time I manage orders by applying stop losses and takeprofit limits of both 100 pips. because most of the time market goes to the profit side or it will maintain its position, if the market goes to the loss side rather than the stop loss limit that you apply will prevent you from big losses.
