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professional traders will always try to enter in the market with right entry levels and if they will see good opportunity then they will put some tight stop loss and if the opportunity in the market is not good then they will put long stop loss to get target pips.
Mybe that you can fix s/l as yours conveniences their is not any limit but you should always choose it according to the market conditions and your trading systems or as a strategy requirement ,for examples as if you are really as a scalping you should set s/l order 10 to 15 points above or below the entry point and if you trying to day trade or swing you cam set stop loss order at more distant points as your plan requirements !!
I find that there are no fixed amount that can be said as a good value because by hitting SL you always get losses. But it depends on you that how much losses yours as account can tolerated as and also you have as an enough free margin to open another positions !
The use of SL is very important to avoid too much loss of our analysis errors. Setting SL how much it depends on the time frame that I use. There are several OP where I do not use SL at all, but there is also the use of SL in the range of 40-50 pips with TP 20-30 pips. It is very effective at all to get a good profit.
waise to main fix stop loss ke sath mein hi trading karna pasand karta hu mera jayda se jayda agar stop loss hota hain to wo bas 30 pips ka hota hain isse jayda uper ka SL main apne liye theek nahi samjhata hu bhaiya ji
According to my experience and knowledge in the world, we should make 1200 pips in a month for getting maximum profit after one month but for this hard working is must without this it is impossible for trade and your target cannot be achieved.
yai bat tou ap ki analyste par depend hai k ap ny kaisa trend used kia hai aur kitna tp laga rahy hain us hissab sai ap ko sl hona chayy mere khayal sai 3% hona chayay ap ki par trade mai tou he ap ka loss agar hitna howa tou zaydah nahe ho ga....
satya kaha apne fix sl ke sath me trading karna acchi baat hai is se sl jyada kam hone se hamara nuksaan badhna mushkil ho jata hai asal me strategy ke hisab se hi sl aur tp ko dena jaruri hai sl fix strategy ke hisab se ho to jyada fayda hota hai.Quote:
Originally Posted by fxghost
Stop loss may different by different trder. some use half of the take profit or some use double of take profit or some use manual. Soemtime i select 30 pips and sometime also 50 pips and it depend on market but always put same in tp and sl.
apne thik kaha ehagar hmm kmm se kmm 30 pips ka stop lose use kare to hmm is buisness me success jaruri ho skte hein,jitna jiada pips hmm stop lose ka use karte hein to hmm forex me asha backup le lete hein and uska hmari trade me kafi faida hote he bhai je bat ekdum thik hQuote:
Originally Posted by nazmul2